BHARTI AXA LIFE INSURANCE TO SET UP OPERATIONS AT 6 NEW LOCATIONS IN PUNJAB

0
4

Bharti AXA Aims to expand and strengthen distribution network in the state Expansion drive to generate over 1,000 employment opportunities Chandigarh, March 22, 2018: Bharti AXA Life Insurance (Bharti AXA Life), a joint venture between Bharti Enterprises, one of India’s leading business Groups, and AXA, one of the world’s largest insurance companies, plans to set up operations at six new locations in Punjab in the new financial year. The company has decided to expand and strengthen its distribution network and presence in the state in 2018-19. This was stated by Mr. Vikas Seth, Chief Executive Officer, Bharti AXA Life Insurance here today. ”We are already present at nine locations in Punjab and growing significantly year-on-year. We have identified six new locations in Punjab to expand the company’s distribution network and increase its footprints and reach in the state for our quality products and services,” said Mr. Seth. At present, Bharti AXA Life Insurance is present at nine locations in Punjab – Chandigarh, Ludhiana, Moga, Jalandhar, Bhatinda, Pathankot, Hoshiarpur, Amritsar and Patiala. He said the addition of six more new business locations or branches in Punjab would generate significant employment opportunities in the state. ”Our expansion drive will help the company generate over 1,000 employment opportunities, including insurance agents and sales managers, in the state in the new financial year. The larger objective is to further strengthen our productive agent base with a view to increasing insurance penetration in the country,” he added. Bharti AXA Life Insurance has hired over 750 insurance advisors in Punjab in the current financial year and would continue to increase its insurance advisor base in the state in 2018-19. The company aims to achieve 20 per cent growth by this financial year on the back of its increasing distribution reach and flexible and value for money products. ”The idea behind our aggressive expansion plan in Punjab is to reach out to every nook and corner of the state and offer the benefits of insurance and other financial instruments to people of the state,” Mr. Seth said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here