Private sector insurer MetLife India has decided to expand its network in coming times. It would recruit about 2,000 managers and 30,000 advisors in line with its growth strategy. Its board of directors has already approved to infuse Rs 100 crore of additional equity capital into the company.

Besides, it would also open new branches across major towns to ensure the success of existing and new products of the company. Interestingly, leading companies are adopting large scale lay-offs following the global financial crisis.

MetLife India Insurance Co's Managing Director, Rajesh Relan said that India is a right location for growth of insurance business. It is a good time to acquire resources due to lower valuations amid the global financial crisis.

The company would have 96 branches by the end of this month and increase branch strength to 191 by March 2009. It would complete the hiring process by March next year.