Priyaratan Shastri
Area Business Head
Thane,MH
Summary
Strategic leader in management field known for high productivity and efficient task completion. Possess specialized skills in operational strategy, team leadership, and conflict resolution. Excel in communication, adaptability, and problem-solving to achieve organizational goals.
Overview
17
17
years of professional experience
Work History
Sr. Area Business Head – Bancassurance
India First Life Insurance Company Ltd
11.2024 - Current
- Maintain strong working relationships with Bank of Baroda branches to ensure business continuity.
- Deliver regular product training sessions and Rewards & Recognition (R&R) programs to branch staff.
- Drive the sales of financial and insurance products through targeted marketing and strategic planning.
- Implement cross-selling strategies for health insurance and other financial services.
- Collaborate across departments to ensure smooth daily operations and issue resolution.
- Evaluate risks in insurance proposals and ensure compliance with company policies.
- Leverage communication skills to build rapport and trust with clients and partners.
Cluster Manager – Bancassurance
Max Life Insurance Co. Ltd
07.2022 - 11.2024
- Managed performance and productivity of multiple bank branches under the assigned cluster.
- Developed regional sales strategies and implemented training modules to boost performance.
- Monitored key performance indicators to drive target achievement.
Area Head – Bancassurance
Cholamandalam MS General Insurance
03.2022 - 06.2022
- Oversaw general insurance business across assigned bank branches.
- Enabled sales productivity through campaigns and close coordination with bank managers.
- Ensured customer satisfaction and policy issuance within TAT.
Sr. Corporate Sales Manager – Bancassurance
HDFC Life Insurance Co. Ltd
08.2013 - 01.2022
- Managed corporate sales through HDFC Bank branches.
- Mentored team members and bank staff to generate consistent life insurance business.
- Consistently met persistency and productivity benchmarks.
Business Development Manager – Bancassurance
SBI Life Insurance Co. Ltd
08.2013 - 12.2017
- Generated insurance business from SBI bank branches.
- Trained and motivated branch personnel to drive insurance awareness.
- Maximized MDRT achievements from mapped locations.
Sr. Relationship Manager Gr. II – Bancassurance
IDBI Federal Life Insurance Co. Ltd
07.2011 - 08.2013
- Built long-term client relationships while managing business targets.
- Focused on customer retention and upselling within bank ecosystem.
- Achieved top performance in national sales contests.
Sr. Associate Financial Service Manager – Bancassurance
ICICI Prudential Life Insurance Co. Ltd
11.2008 - 10.2010
- Executed insurance sales through ICICI Bank channel.
- Awarded multiple times for surpassing monthly targets.
- Maintained high standards in compliance and documentation.
Education
PGPMI - Management & Banking-Insurance
Xavier Institute of Social Service
Ranchi01.2008
B.Sc. (Hons.) - Botany
Annada College, Vinoba Bhave University
Jharkhand12th Grade - CBSE
DAV Public School
Hazaribagh, Jharkhand10th Grade - CBSE
DAV Public School
Ara, Sarubera, JharkhandSkills
- Sales strategy
- Risk evaluation
- Compliance management
- Training and development
- Performance monitoring
- Customer relationship management
Accomplishments
- India First Life Insurance:
- - 2nd in Target vs Achievement (FY 2024–25)
- - 98% Persistency
- HDFC Life Insurance:
- - 1st in Persistency (2019 & 2020)
- - No.1 CSM across all parameters (2020–21)
- - Top Performer: Cat B Branches (2018–20)
- SBI Life Insurance:
- - Consistent MDRT growth (2013–18)
- - Top Performer: Jul–Sep 2017 and Cat C&D (2016)
- IDBI Federal Life Insurance:
- - Rainmaker Galaxy Award (2011–12)
- - 120% Achievement in Eagles Contest
- - Promotion from Band I to II
- ICICI Prudential:
- - Best AFSM Award (multiple months)
- - Promoted to Sr. AFSM (Oct 2010)
Languages
Languages Known: English, Hindi
Timeline
Sr. Area Business Head – Bancassurance
India First Life Insurance Company Ltd
11.2024 - Current
Cluster Manager – Bancassurance
Max Life Insurance Co. Ltd
07.2022 - 11.2024
Area Head – Bancassurance
Cholamandalam MS General Insurance
03.2022 - 06.2022
Sr. Corporate Sales Manager – Bancassurance
HDFC Life Insurance Co. Ltd
08.2013 - 01.2022
Business Development Manager – Bancassurance
SBI Life Insurance Co. Ltd
08.2013 - 12.2017
Sr. Relationship Manager Gr. II – Bancassurance
IDBI Federal Life Insurance Co. Ltd
07.2011 - 08.2013
Sr. Associate Financial Service Manager – Bancassurance
ICICI Prudential Life Insurance Co. Ltd
11.2008 - 10.2010
PGPMI - Management & Banking-Insurance
Xavier Institute of Social Service
B.Sc. (Hons.) - Botany
Annada College, Vinoba Bhave University
12th Grade - CBSE
DAV Public School
10th Grade - CBSE
DAV Public School
Similar Profiles
Thiruvenkatam R SThiruvenkatam R S
Area Business Head at India First Life Insurance Company LimitedArea Business Head at India First Life Insurance Company Limited
Pawan KesarvaniPawan Kesarvani
Business Development Manager at India First Life Insurance CompanyBusiness Development Manager at India First Life Insurance Company
Ravi Kumar NadmintiRavi Kumar Nadminti
Senior Manager & Circle Head at Max Life Insurance Company LimitedSenior Manager & Circle Head at Max Life Insurance Company Limited
Nirmit GaikwadNirmit Gaikwad
Head Human Resource at Torana IncHead Human Resource at Torana Inc
Shweta BhavsarShweta Bhavsar
Senior Functional Consultant at TietoevrySenior Functional Consultant at Tietoevry