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| Aegon Religare to recruit 8000 insurance advisors nationwide |
| Vimukt Dave / Mumbai/ Rajkot Aug 08, 2009, 00:03 IST |
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Having already inducted around 4,000 insurance advisors, private life insurance company, Aegon Religare is planning to recruit 8,000 more across India. The company plans to do so within a span of next four months. Of these, the company will be hiring about 2,000 advisors for Gujarat, said Yeteesh Srivastava, chief marketing officer, Aegon Religare.
"We intend to grow quickly in the market in the coming days. Looking at this, the company will be recruiting about 8,000 new insurance advisors in India. Since Gujarat is an important market for Aegon, the company will hire 2,000 advisors in next four months," said Srivastava.
Brushing aside claims of insurance sector being saturated as a misconception, Srivastava said, "Only about 19 per cent of Indians are covered by life insurance by all the companies put together. And 87 per cent of India's workforce have no pension plan in place. Given such an opportunity, Aegon Religare is aiming to achieve revenues worth Rs 240 crore through insurance premiums receipts this fiscal."
The company has three term plans – two unit linked plans and one pension and child plan. "We are looking at launching an annuity scheme and a health insurance product over the next two years. If needed, we might infuse some more capital into the company for this purpose," Srivastava said.
When asked about market share and competition Srivastava said, "We don’t want to be in market share game as the company is very new in insurance sector in India. We want to establish ourselves first."
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