10,000 Agents on Payroll

Reliance Life Insurance (R-Life) on Thursday announced that it has hired over 10,000 advisors so far in the current fiscal and is set to appoint 40,000 more in the next six months as part of its plans to strengthen base in Tier II and Tier III cities.

In a statement, Reliance Life Insurance President & Executive Director Malay Ghosh said, "We have added close to 10,000 insurance advisors in the past few months and are targeting to recruit 40,000 more by the end of the current financial year to increase our reach."

"Semi-urban and rural regions are on our radar for recruitment of these insurance advisors. We are attempting to create a stronger footprint across India with a view to enhancing the width and depth of our reach across the country," Ghosh said, adding that the move will strengthen the company’s distribution network and help in new customer acquisition. Reliance Life is part of Anil Ambani-led Reliance Group's financial services arm Reliance Capital.