LIC to recruit over 2-lakh agents

LIC,is planning to recruit more than 2-lakh agents by the end of this financial year.

Life insurance major,LIC,is planning to recruit more than 2-lakh agents by the end of this financial year,a top company official said.

“We plan to recruit 2-lakh agents-plus in this financial year. So far,we have recruited close to 80,000 agents in this fiscal,” Life Insurance Corporation of India’s Chairman,T S Vijayan,said.

Presently,the company has 13.5-lakh agents,he said.

LIC is also targeting a growth of 19 per cent in fresh premium collection in FY 10.

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“We are expecting a growth of 19 per cent in our fresh premium collection by the end of this year,” Vijayan said.

The company collected a premium of Rs 1,57,000-crore in the last fiscal.

Going forward,LIC expects a new premium mix of 50:50 between ULIPs and traditional products,he said.

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Life insurance

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