United India Insurance to hire 7,000 agents, 1,000 staff

United India Insurance Company Ltd will recruit 7,000 agents in the next three months.Our agent force is 53,000 now. We will have 60,000 agents before the end of current financial year,” Chairman and Managing Director Milind Karat told newspersons here.

Rural focus

The Chennai-based public general insurer has also lined up plans to hire about 400 officers and 600 clerks next year.

The agents as well as its own staff will be used to increase retail business in rural areas, Karat said.

Our business focus now is on rural retail which contributes about a little over 12 per cent of our total business, the official said.

Higher target

The company, which garnered Rs 8,179 crore business last year, is targeting Rs 10,000 crore in the present financial year.

The growth drivers will be health and motor insurance, Karat said. On the company’s performance in health insurance, he said the growth in the segment was 25-30 per cent with 90 per cent incurred claim ratio. We have reached break-even in this segment, he added.