United India Insurance Company Ltd has said that it plans to deploy 50,000 agents across the country in the next couple of years to strengthen its marketing team.
“Within the next couple of years, the state-owned insurance company will deploy 50,000 agents across the country in addition to the same number of agents on roll,” the Chairman-cum-Managing Director, Mr G. Srinivasan, told PTI.
He said the company would train candidates who have cleared the IRDA stipulated examination.
United India would concentrate on Tier III and Tier IV cities. “We will focus on Category 4 locations as defined by Indian Census Operations. In the subsequent phase, we will look at Category 5 and 6 locations.”
The company would also hire 350 officers in general and specialist categories this year. Currently, the headcount is around 17,000 across 1,500 offices countrywide.
Mr Srinivasan said United India would also launch a new product across the nation by this month-end, covering hospitalisation and medical expenses for workers who come under the Workmen’s Compensation Act.
This policy would benefit industrial workmen who meet with unfortunate accidents in their jobs.
The company, he said, is targeting Rs 10,000-crore business this year against Rs 8,179 crore in the year ended March 31, 2012.
He added that 30 per cent of total business is from the corporate segment and the balance from retail and individual policies.