Public sector insurance giant LIC is eyeing to capitalize on its vast network of insurance agents and expects its asset size to swallow by about Rs 6,00,000 crore or 75% in next three years. Given the increase in its kitty, the company’s asset base is pegged at between Rs 13,00,000-14,00,000 crore in three years’ time.
At the end of fiscal 2008, the insurance biggie was having an asset size of nearly Rs 8,00,000 crore. It aims to double its field workforce to meet its dream target and would have an agents’ base of nearly the double of the present 11.93 lakh agents.