Full-Time

Senior Product Manager

Insurance

Posted on 10/31/2025

Upstox

Upstox

1,001-5,000 employees

Tech-driven online brokerage and mutual funds

No salary listed

Mumbai, Maharashtra, India + 1 more

More locations: Bengaluru, Karnataka, India

In Person

Category
Product (1)
Required Skills
UI/UX Design
Product Management
Marketing
Data Analysis
Requirements
  • 7–10 years of Product Management experience
  • at least 3 years in Insurance
  • Deep understanding of insurance products, customer behavior, and distribution models
  • Strong track record of building and scaling B2C digital products
  • Skilled in driving partnerships with insurers and external stakeholders
  • Data-driven with excellent problem-solving, experimentation, and execution skills
  • Proven ability to balance regulatory alignment with user-first product thinking
  • Excellent communicator who can influence, align, and inspire teams across functions
  • Management degree from a premier institute preferred
Responsibilities
  • Define the long-term insurance product strategy aligned with Upstox’s mission and business goals
  • Own the roadmap from discovery to claims — simplifying every step of the customer journey
  • Collaborate with insurers and external partners to design competitive, customer-first offerings
  • Drive adoption, optimize conversion funnels, and enhance retention across multiple insurance categories
  • Champion user needs and deliver intuitive, transparent, and reliable digital insurance experiences
  • Align and drive execution across design, engineering, compliance, marketing, and operations
  • Ensure all features meet IRDAI and compliance standards while maintaining agility
  • Use research, analytics, and experimentation to inform decisions and scale successful initiatives

Upstox is a tech-driven investment platform in India offering online brokerage for stocks, commodities, currencies, and derivatives, along with mutual funds. It operates through a digital trading platform where users place orders online, use charting tools, and can access up to 25x intraday leverage for active trading. Basic trades cost ₹20 per order, while premium priority services with higher leverage cost ₹30 per order, with no paperwork for most transactions. It differentiates itself with transparent, low fees, a broad product mix (including about 1,500 mutual funds with no transaction fees), and a partner network that includes sub-brokers. The goal is to be a one-stop, affordable, tech-enabled investment platform that serves both active traders and long-term investors in India.

Company Size

1,001-5,000

Company Stage

Late Stage VC

Total Funding

$229M

Headquarters

Mumbai, India

Founded

2009

Simplify Jobs

Simplify's Take

What believers are saying

  • Bond and insurance offerings capture new revenue streams from 50M+ customer base.
  • Planned IPO in 2-3 years backed by Rs 1,000 Cr FY23 revenue milestone.
  • 250+ engineer hiring strengthens platform infrastructure against Zerodha and Groww competition.

What critics are saying

  • SEBI leverage reduction from 25x to 10x eliminates 80% of F&O trading volumes.
  • Zerodha captures 40% more F&O traders; Groww's mutual fund inflows exceed Upstox 3x.
  • PhonePe's UPI-integrated zero-cost trades undercut Upstox's ₹20 per order fee model.

What makes Upstox unique

  • Tick-by-tick engine provides retail traders institutional-grade order flow data.
  • Zero-commission mutual funds and IPOs reduce customer switching costs across asset classes.
  • Strategic partnerships with IndiaBonds and insurance distribution expand financial services ecosystem.

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Benefits

Professional Development Budget

Flexible Work Hours

Remote Work Options

Company Equity

Performance Bonus

Employee Stock Purchase Plan

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
The Economic Times
Sep 2nd, 2025
IndiaBonds, Upstox join hands to offer bond investments to retail investors

IndiaBonds, a Sebi-registered broker and licensed online bond platform provider, on Tuesday said it has entered into a strategic alliance with Upstox to enable retail investors to avail a wide range of bond investments on the brokerage platform.

The Financial Express
Oct 23rd, 2024
Upstox targets to make retail trade more profitable: CEO

In a bid to create a level-playing field for retail traders, Upstox has launched tick-by-tick (TBT) engine to provide real-time insights on order flow, market depth and trade price checker.

The Hindu BusinessLine
Oct 20th, 2024
Bridging the gap: Upstox launches TBT engine, bringing pro-level trading access to retail traders

Bridging the gap: Upstox launches TBT engine, bringing pro-level trading access to retail traders.

Indian Television Dot Com
May 20th, 2024
Upstox forays into insurance distribution

Upstox has launched a campaign video to shed light on its new offering.

Exchange4media
Mar 26th, 2024
Upstox has partnered with Lowe Lintas for conceptualization of the campaign

Upstox has partnered with Lowe Lintas for conceptualization of the campaign.

INACTIVE