OTHER GROUP COMPANIES
market

Cost cutting! 3.6mn life insurance agents eliminated in last 4 yrs

Around 2.6 million agents were added in the last four years

June 05, 2013 4:23 IST | India Infoline News Service
Over 3.6 million life insurance agents were terminated in last four years, Life Insurance Council secretary general V Manickam said.

Around 2.6 million agents were added in the last four years, Manickam added.

Speaking on the sidelines of an event organised by Asia Insurance Post on Wednesday, Manickam said that insurers need to enhance their agency force with 15%-20% growth every year in number of agents.

In order to increase number of agents in the life insurance industry, Insurance Regulatory and Development Authority has reduced the pass percentage in agent recruitment examination from 50% to 35%. 

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account
  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity