Exide Life Insurance plans to hire about 20,000 agents in the current financial year in order to strengthen its distribution network and grow its business to newer heights. Also, the Bengaluru-headquartered private life insured plans to launch a couple of new products for which it is awaiting the regulator’s approval.
“We will be recruiting about 20,000 agents this year,” said Kshitij Jain, Managing Director and CEO, Exide Life. Currently the company has some 35,000 agents operating from around 200 offices across the country. Last financial year, Exide Life added about 15,000 agents to its agency channel, after its major distribution partner ING Vysya Bank parted ways with the insurer following its merger with Kotak Mahindra Bank.