AHMEDABAD: Private life insurance company Aegon Religare has set a target of Rs 500 crore of recieved premium in the current financial year, inwhich the company will expand its presence across the country.
"The company has set a traget to increase in topline to a total recieved premium of Rs 500 crore as compared to a total recieved premium of Rs 166 crore achieved in the financial years 2009-10," said Rajiv Jamkhedekar, MD and CEO of the company.
Talking to the media here about the company's plans to expand its business, he said the company currently operates 57 branches in the country which will be doubled in the current year while over 2000 people will be hired to support the expansion of branch network.
Moreover, he said 13,000 new financial advisors or agents will be added in its network of currently 7,000 financial advisors.
"Besides, we will tie up with banks and third party distribution network to enhance the presence in smaller towns," he said, adding the company will have direct presence in 70 cities across the country by the end of this year.
According to Jhamkhedekar, Aegon Religare has launched a very innovative product to suit the needs of the wide range of customers and in the current year, a few more products will be launched starting with a health product to be launched in July this year.
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