Insurance behemoth Life Insurance Corporation today called upon the industry to invest heavily in

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training their agents if it wants to grow more profitably.

Pointing out that the biggest challenge to faster growth is non-professional or poorly/un-trained agents, LIC Chairman T S Vijayan said it is high time that the life insurance industry professionalised its distribution channels by training its agents.

"We have to migrate to fully-trained profession agents. Unless we as an industry invest in training our agents and making them qualified trained professionals, we cannot continue to growth. If we don't invest in this, at least we should entrust this job to some professional institutes which can do this for us," Vijayan to an insurance seminar organised by the industry chamber Assocham here today.

Pointing out that when LIC was created on September 1, 1956 by nationalising as many as 245 private players, all of them making profits but even after a decade of operations, the private players are still in the red, he said better trained agents can help the industry clip at faster growth.