Aviva Life Insurance has planned to hire 1,500 sales managers and 13,000 sales agents in the next seven months, in order to expand and improve their business prospects – reported Business Standard.

The company has an employee base of 7,000 with around 37,000 advisers. The company saw its business decline by 19% in the first quarter of the current financial year, as compared to the corresponding period in 2008.

According to managing director and CEO, T R Ramachandran, the company would introduce five new products in the current financial year, out of which three would be unit-linked insurance-based products and the other two, conventional insurance schemes. The company has also planned to ink contracts with two banks to form bank insurance models.