Insurance start up to hire 10,000 agents 

The Indian insurance industry has a market size of $106 billion with double-digit growth.

Published: 09th November 2021 04:48 AM  |   Last Updated: 09th November 2021 04:48 AM   |  A+A-

jobs, employment, vacancy

For representational purposes. (File Photo)

By Express News Service

KOCHI: The Indian insurance industry has a market size of $106 billion with double-digit growth. This is just a tip of the iceberg as there are significant gaps in the Indian insurance market and there is a huge market opportunity in the non-insured and the underinsured segments.

To tap into these unexplored areas, vKover, an online platform operated by Yella insurance, is planning to hire 10,000 agents in Kerala in the next two years as part of its expansion plan. They are planning to bring on board 1,00,000 digital agents in India by 2026.

Founded in 2020 by Vijayakumar, an IIM -Kolkatta alumni and Arun Mohanan, vKover is logging an annual turnover of Rs 25 crore. The company hopes to double its annual premium turnover to Rs 200 crore in the next two years with its proposed expansion to southern and western regions.

The company has partnered with 30 insurance companies in the Life and General Insurance categories. Anyone who has passed 12th grade with access to a smartphone can apply for the post. The Agent will be given the mandatory IRDAI(POSP) training, certified by vKover and will be granted a licence. 


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp