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Aviva Life Insurance To Expand

Planned to hire 1,500 sales managers and 13,000 sales agents in the next seven months

Aviva Life Insurance has planned to hire 1,500 sales managers and 13,000 sales agents in the next seven months, in order to expand and improve their business prospects – reported Business Standard.

The company has an employee base of 7,000 with around 37,000 advisers. The company saw its business decline by 19% in the first quarter of the current financial year, as compared to the corresponding period in 2008.

According to managing director and CEO, T R Ramachandran, the company would introduce five new products in the current financial year, out of which three would be unit-linked insurance-based products and the other two, conventional insurance schemes. The company has also planned to ink contracts with two banks to form bank insurance models.