Assistant Manager - Group Product Management

About the role

Prudential Health India’s Zero to One team is building a greenfield health insurance platform in India. As Assistant Manager – Product Management on the Product & Propositions team in Mumbai, you will own the full lifecycle of Health Insurance products, including Retail Indemnity, Fixed Benefit (Retail under Group and Standalone Retail) and Group (Employer‑Employee) offerings. Your week will involve creating, launching and refining propositions, conducting distributor, customer and market research, competitive analysis, and developing differentiated product propositions that meet revenue and loss‑ratio targets. You will define detailed product requirements, policy wordings, and go‑to‑market plans, and collaborate with actuarial, distribution, health management, marketing, underwriting, claims, customer servicing and technology teams to launch products and integrate systems. You will ensure regulatory compliance, analyze performance data for insights, drive product enhancements, validate products, and develop channel strategies to maximize reach.

What you’ll do

• Own full product lifecycle of Health Insurance products including Retail Indemnity, Fixed benefit (Retail under Group and Standalone Retail) and Group (Employer-Employee) products.
• Conduct detailed distributor, customer and market research and competitive analysis to identify new product opportunities and refine existing offerings.
• Develop compelling, differentiated product propositions for target customer/seller segments that deliver revenue and loss-ratio goals.
• Define and document detailed product requirements (constructs) including features, functionalities, pricing, and distribution channels.
• Lead development and execution of go-to-market plans, including marketing campaigns, sales training, and channel partner enablement.
• Collaborate with cross-functional teams spanning actuarial, distribution, health management, marketing, underwriting, claims, customer servicing, and technology to implement and launch products.

What you’ll bring

• Degree in Business, Finance, Insurance, Statistics or Cleared Actuarial Papers or related field or a related field.
• Master of Business Administration from a reputed institute is desirable.
• 7+ years of experience in product management, preferably in the health insurance industry with at least 3 years of experience in a stand-alone health insurer.
• Minimum of 5 years of experience in handling Retail and Retail Under Group products within the General /Health insurance industry with hands-on experience in Quotation Management.
• Excellent knowledge of Product configuration in core systems and front-end sales platforms.
• Strong understanding of the health insurance market, including industry trends, regulations, and competitive landscape.

Skills

Education

Bachelor's