Friday, June 20, 2014

Exide Life To Recruit 18,000 New Agents In FY 2014-15

Private sector insurance player Exide Life Insurance Company is planning to hire about 18,000 new agents in this fiscal, company's Managing Director and CEO Mr. Kshitij Jain said.

Last month, the ING Vysya Life Insurance 

 changed its name to Exide Life insurance after being totally owned by the Raheja Group through leading battery maker Exide Industries.

At present, there are 35,000 persons who account for nearly 60% of the business of the company. The company wants to hire at least 25 % of the total posts from North India, the region where the company wishes to expand its business.

“I have no option but to up my game in North India, as it is too big a market to be ignored in the stage I am in right now. I have a presence (in North) that I want to build. I can grow only from strength to strength in this market," Mr. Jain said.

Exide Life Insurance has a bancassurance tie-up with ING Vysya Bank, which also has a branch network in North India. Nearly 22 % of its business comes from this bancassurance arrangement.

No comments:

Post a Comment

So, what do you think?