Aviva Life Insurance is planning 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, according to Managing Director and CEO T R Ramachandran.
Currently, the company has an employee base of 7,000 with around 37,000 advisers. The company saw its business decline by 19 per cent in the first quarter of the current financial year compared with the corresponding period in 2008.
Ramachandran announced that the company would launch 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 was also planning to sign contracts with two banks to form bank insurance models.
It has come out with a survey which has revealed that a majority of people give priority to their children’s education as against retirement, marriage or after death liabilities. Hence, the company’s major focus areas are microfinance products and products centered around child education.
The company launched one of its corporate social responsibility “street to school” programmes in partnership with two non- government organisations — CRY and Save the Children India.
In the first year, they will reach out to 20,000 children through nine projects in five states.
The company’s counterpart in the United Kingdom has committed $500,000 for the project over a period of three years, while employees of the organisation in India have volunteered to forego a day’s salary.
