Exide Life Insurance, which is totally owned by the Raheja Group through battery maker Exide Industries, plans to recruit 18,000 new agents this year, its Managing Director and CEO Kshitij Jain has said.

This will be on top of the current tied agency force of 35,000 persons, who currently account for nearly 60 per cent of the business of this Bangalore-based private life insurer.

At least 25 per cent of the 18,000 new agents will come from North India, where the company wants to expand its business.

Source - thehindubusinessline.com