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INSURING SUCCESS: Metlife team has made a deep study of the market and wants to ride the recession wave as competition runs scared.

INSURING SUCCESS: Metlife team has made a deep study of the market and wants to ride the recession wave as competition runs scared.

Metlife to milk recession, plans massive expansion

Private insurance major Metlife has announced big plans in India. Metlife plans to hire over 2,000 sales managers and and double the number of its branches. Managing Director of Metlife India Insurance, Rajesh Relan justifies the plans as a part of their growth strategy. According to IRDA, life insurance industry grossed premium of Rs. 40,000 crore from January to September this year.

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