LIC’s recruitment drive for 2 lakh new agents

With the soaring aim to acquire its market share from private sector companies, Life Insurance Corporation is planning to hire two lakh agents (distribution) across the country in the coming months. “We are on a recruitment drive,” LIC chairman S.K. Roy said. 

“We were at 14 lakh a few years ago. Now we are at 12 lakh. We want to go back to that figure. The new regulations have simplified the process. Earlier, it was training, licensing and then becoming active. Now it’s only a question of appointment. Now, instead of licensing requirement, it’s an appointment. He (agent) gets appointed. The new process is cheaper as licensing has gave away,” Roy reported.