2-lakh agents to be recruited in this year-LIC

September 19, 2009 07:03 PM

The Life Insurance Corporation, LIC is looking forward to recruit 2-lakh agents in this financial year, at present the company has 13.5-lakh agents.

"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.

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

The company is also targeting a growth of 19 per cent in fresh premium collection in FY 10. In the last fiscal, LIC has collected a premium of Rs 1,57,000-crore.

LIC expects a new premium mix of 50:50 between ULIPs and traditional products.

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