LIC to recruit over 2-lakh agents in FY 10

Life insurance major, LIC, is planning to recruit more than 2-lakh agents by the end of this financial year, a top company official said.    

"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.

Presently, the company has 13.5-lakh agents, he said.

LIC is also targeting a growth of 19 per cent in fresh premium collection in FY 10.

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

The company collected a premium of Rs 1,57,000-crore in the last fiscal.

Going forward, LIC expects a new premium mix of 50:50 between ULIPs and traditional products, he said.