SIDDHARTH JAIN
Mumbai
Summary
Senior business leader with over 20 years of expertise in developing and expanding profitable digital, bancassurance, and embedded distribution ventures within banking, insurance, fintech, and insurtech sectors.
Overview
4
4
years of professional experience
Work History
Senior Vice President – Digital Banca & Partnerships
Zurich Kotak General Insurance Ltd.
Mumbai
05.2022 - Current
- Promoted from Vice President - Digital Banca
- Oversaw digital bancassurance and embedded distribution within Kotak 811 and KMBL ecosystem.
- Achieved end-to-end P&L responsibility for digital banca channel operations.
- Delivered 120% year-over-year growth in FY23, 111% in FY24, and 78% in FY25.
- Generated ₹200+ crore in digital partnership revenue through strategic initiatives.
- Maintained cost-to-income ratio consistently below 90% to optimize profitability.
- Managed cross-functional teams to improve operational efficiency and service delivery.
- Fostered relationships with key stakeholders to drive collaborative business strategies.
- Launched embedded Cyber Insurance and outbound cross-sell engines to enhance product offerings.
- Managed relationship-building initiatives, fostering trust and long-term engagements.
Deputy Vice President – Bancassurance (East)
ICICI Lombard General Insurance Ltd.
- Led Axis Bank partnership for East India
- Owned regional P&L, GWP targets & partner governance
Deputy Vice President / AVP – Bancassurance (East)
Bharti AXA General Insurance Ltd.
- Scaled GWP from ₹60L to ₹3Cr/month
- Maintained COR ~68%
- Built profitable bancassurance engines
Education
Digital Marketing & Analytics -
ISB
Hyderabad, IndiaPGDMS - Marketing & Finance
Amity Business School
B.Com (Hons.) -
Calcutta University
Licentiate -
Insurance Institute of India
IndiaSkills
- Digital Growth Strategy
- Digital bancassurance
- P&L Leadership
- Bancassurance
- Embedded Insurance
- Fintech Partnerships
- BFSI Strategy
- Revenue & Profitability Scaling
- Stakeholder Leadership
Languages
English
Proficient (C2)
C2
Hindi
Upper Intermediate (B2)
B2
Bengali
Elementary (A2)
A2
Earlier Leadership Roles
- Max Bupa Health Insurance – Area Head (Direct Sales)
- Aegon Religare Life Insurance – Branch Head
- Max Life Insurance – Senior Manager
- ICICI Lombard – Bancassurance Sales
- HSBC Bank – Retail Assets
Awards
- Triumph Award – Zurich Kotak (FY23, FY24)
- Multiple National & CEO-level awards across BFSI institutions
Timeline
Senior Vice President – Digital Banca & Partnerships
Zurich Kotak General Insurance Ltd.
05.2022 - Current
Deputy Vice President – Bancassurance (East)
ICICI Lombard General Insurance Ltd.
Deputy Vice President / AVP – Bancassurance (East)
Bharti AXA General Insurance Ltd.
Digital Marketing & Analytics -
ISB
PGDMS - Marketing & Finance
Amity Business School
B.Com (Hons.) -
Calcutta University
Licentiate -
Insurance Institute of India