Bharti AXA plans pan-India expansion, hires 10K advisors

Representational Pic
Representational Pic

Bharti AXA Life Insurance, a joint venture between leading Indian business group Bharti Enterprises and a largest insurance company of world AXA, Wednesday announced that the company has hired 10,000 insurance advisors and added 50 new branches in the current financial year.

A company spokesperson said, the aggressive expansion driveis part of the company's overall strategy to strengthen its operation andenhance distribution footprint across the country.

"The company registered33 percent rise in advisor hiring to 38,000 agents during 2018-19 as against28,638 insurance advisors as on March 31, 2018.It added 50 new branches to takean enhanced distribution network of 236 branches pan-India in the currentfinancial year, up 27 percent over 186 branches as on March 31, 2018," thespokesperson said.

"We have embarked upon our most aggressive expansion drive in the recent years and added close to 10,000 insurance advisors and 50 new branches during the current financial year.

We plan to create a large pool of productive agents, strengthen our existing advisor base and reach out to every nook and corner of the country. This will strengthen our distribution bandwidth and help in new customer acquisition,'' said  Vikas Seth, managing director and chief executive officer, Bharti AXA Life Insurance.

He said the company is focusing on Tier II and Tier III for branch expansion and insurance agent hiring and it plans to continue its expansion spree in the next financial year with a focus on profitable growth.

With branch expansion and recruitment of insurance agents, Mr. Seth said, the company is aiming to create a stronger presence and enhance the width and depth of its reach in the country.

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