Jobless growth has found a new home — India’s life insurance companies. In the last financial year, private life insurers reduced headcount by 27 per cent to achieve profitability. The number of people employed by these companies as on March 31, 2011, was 60,215, as against 81,507 in the corresponding period last year. They closed down more than 900 branches. Also, 174,000 agents went out of the system
http://www.business-standard.com/india/news/jobless-growth-in-pvt-life-insurance/441710/
