Reliance Life to hire 3,000 managers this yr

As part of its expansion plan, Anil Ambani Group’s life insurance venture Reliance Life will add 3,000 sales managers to its payroll this fiscal, besides hiring another 150,000 insurance agents. “We are raising the headcount by 20 per cent in the current financial year. We have already hired 2,000 sales managers in the first three months of 2010-11, and will add another 1,000 in the coming months.

This human capital addition will increase the company’s total strength to 18,000,” Reliance Life Insurance President and Executive Director Malay Ghosh said. At the same time, the insurer is also bullish on increasing its advisors’ strength. It plans to hire 1.5 lakh insurance advisors this year. While sales managers would be on the company’s payroll as full-time employees, insurance advisors — who are part- time workers — would get paid a commission for bringing in customers.