Summary
Overview
Work History
Education
Skills
Timeline
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DHRUV BHAVSAR

DHRUV BHAVSAR

ASSOCIATE VICE PRESIDENT
Ahmedabad

Summary

I am highly experienced insurance professional with a strong leadership background in the financial services sector, primarily with ICICI Prudential Life Insurance company. Last was serving as Asso Vice President since November 2023, oversees the entire Gujarat regions PSF channel, managing a team of branch managers and direct employees. Prior to this role was handling Agency channel across parts of Gujarat, Saurashtra and Mumbai at different time periods managing team of ARM, BM, FL managers,partners, and financial advisors. Was having responsibilities include regional budgeting, business growth, branch expansion, and strategic initiatives, with a focus on revenue generation and client asset management. Was managing a revenue portfolio of 170 crore achieving significant recognition and success metrics such as MDRT and President Club memberships.

Overview

26
26
years of professional experience

Work History

Associate Vice President

ICICI Prudential Life Insurance Company
04.2022 - 11.2023

Leading the Proprietary Sales Force channel for Gujarat state with 15 branch managers. Revenue generated over 120 crores with direct marketing and sales to service departments.

Associate Vice President

ICICI Prudential Life Insurance Company
08.2020 - 03.2022

Leading the top cities in the AGNECY channel, Ahmedabad and Surat region, with 3 Regional managers, 5 branch managers, 20 partners, and 200+ FLs as indirect reportees. Supervising the budget of the whole region, with planning for new branch openings and cost management. Planning and executing to grow the retail business in order to maintain a healthy product mix. Set up disciplined activities like BOP, My Market, and New Distributor Training, followed by reviews on the outcome to measure success. Managing revenue of 150 Cr and net AUM of 1000 Cr with 2 President Club, 4 TOT, 7 COT, 10 Double MDRT, and 20 MDRT advisors.

Associate Vice President

ICICI Prudential Life Insurance Company
04.2019 - 08.2020

Leading the part of top city Mumbai with 8 branch managers, 15 partners, and 100+ FLs as indirect reportees. Created the highest MDRT advisors in a region and maintained a positive year-over-year growth even during the pandemic. Created a portfolio worth 70 Cr and a net AUM of 151 Cr, with 4 COT, 2 TOT, and 2 President Club members.

Double the manpower in the Vashi and Ghatkopar branches for meaningful distribution to the zone, and the top-line numbers are improved.

Regional Manager

ICICI Prudential Life Insurance Company
04.2017 - 03.2019

Agency and banca channels. Leading the Saurashtra Region (Rajkot, Jamnagar, Junagadh, Jetpur, Bhavnagar, Porbandar, Una) with sixteen branch managers, fifteen partners, and over 150 FLs as indirect reportees. Created the highest MDRT advisors in a region, and maintained a positive year-over-year growth. Created a portfolio worth 170 Cr with agency and banca channels.

Unit Manager to Regional Manager

ICICI Prudential Life Insurance Company
06.2003 - 03.2017

Joined ICICI Pru in June 2003 as a Unit Manager, with the role of adding advisors and managing team business. Was Pan India number 1 UM, having 100+ advisors? Promoted to AM, then to SAM, and finally to Managing Partner.

I decided to change my role in management and become a sales manager, leading five FL managers. Promoted to Area Manager, BM, SBM, ARM.

Area Manager

Stock Holding Corporation of India Ltd
04.1998 - 06.2003
  • Developed strong relationships with clients, leading to increased customer satisfaction and repeat business.
  • Managed daily operations for optimal performance, ensuring timely completion of tasks and projects.
  • Continuously improved operational procedures through ongoing evaluation of existing practices, incorporating feedback from team members and adopting industry best practices.

Education

MBA - Marketing Management

Trimurti Institute of Management Studies
Vadodara, India
04.2001 -

BBA - Marketing Management

Sardar Patel University
Anand, India
04.2001 -

Skills

Strategic Leadership P&L Management Team Management Market Launch & Expansion Cross-functional Teamwork Budgeting and Financial Oversight Business Planning

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Timeline

Associate Vice President

ICICI Prudential Life Insurance Company
04.2022 - 11.2023

Associate Vice President

ICICI Prudential Life Insurance Company
08.2020 - 03.2022

Associate Vice President

ICICI Prudential Life Insurance Company
04.2019 - 08.2020

Regional Manager

ICICI Prudential Life Insurance Company
04.2017 - 03.2019

Unit Manager to Regional Manager

ICICI Prudential Life Insurance Company
06.2003 - 03.2017

MBA - Marketing Management

Trimurti Institute of Management Studies
04.2001 -

BBA - Marketing Management

Sardar Patel University
04.2001 -

Area Manager

Stock Holding Corporation of India Ltd
04.1998 - 06.2003
DHRUV BHAVSARASSOCIATE VICE PRESIDENT