Magma HDI General Insurance Company Limited

Premium5 days ago

Relationship Manager ( Agency Sales )

Magma HDI General Insurance Company Limited
2 to 4 Yrs
Rs 3.0 - 5 Lakh/Yr
  • Regular
  • 3 Positions
  • Job Details

Job Details

    • Qualifications & Experience:
    • Graduate in any discipline.
    • A work experience of 2 9 years, handling Agency or Retail Sales in GI companies
    • Local market knowledge is essential.
    • Should be residing in the area for more than one year. 

    Internal Interaction

    • Job Role you need to interact with internally in the organization to enable success in your day to day work.
    • All Internal departments. Coordination with operations, claims etc.

     External Interactions

    • Job Role you need to interact with outside the organization to enable success in your day to day work.
    • Agents, customers and statutory Authorities

    JOB PURPOSE

    • To develop and direct the Agency business by recruiting a team of Agents.

Other Details

Recruiter Details

  • Magma HDI General Insurance Company Limited
  • Rajahmundry
  • hidden_email
  • hidden_mobile

Company Details

Magma HDI General Insurance is a joint venture between Poonawalla Fincorp Ltd. (formerly Magma Fincorp Ltd.) and HDI Global SE (formerly HDI Gerling) Germany, part of the Talanx group – Germany's third largest and one of the major European insurance Groups by premium income, active in more than 150 countries. Magma HDI offers an array of general insurance products for retail (motor, health, personal accident, home) and commercial & institutional clients (property, fire, marine cargo, liability insurance and more).

 

With more than 130 branches and 1200+ employees, the company has serviced 46 lakhs+ customers (as on 31st March 2021) since it started its operations in 2012-13. It has been one of the fastest growing GI companies in India with a CAGR of 34% in the last three years. Its solvency stood at 1.79 times as on 31st March 2021 against the required regulatory solvency of 1.5. The company recorded a PAT of Rs 19.4 Crore on a Gross Written Premium (GWP) of Rs 1,349 Crore compared to Rs 6 Crore PAT on a GWP of Rs 1,294 Crore in FY20.

 

As on March 2021, the company has 3700+ network garages, 6300+ network hospitals and 7600+ partners present PAN India, majority of which are connected to the digital self-service platforms of the company. The company -actively participates in the insurance programs of14 OEMs as at March 2021, out of which 8 were added in FY21 itself.

 

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