Prices Increasing soon Prices Increasing Soon

Exide Industries Announced Its Contribution of Rs 150 crore in Insurance Sector in FY 14-15

Exide Life, the subsidiary of Exide Industries, has invested Rs 150 crores capital in the insurance sector. The company made this critical business decision in the light of the government permitting foreign direct investment (FDI) that allows 49% share holdings by the foreign players in the insurance sector.

Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Exide Life, previously ING Vysya Life, is the offshoot of the Exide Industries and was launched in 2001 post the inauguration of ING Vysya Bank. In the FY 14-15, the company netted a profit of Rs 65.3 crore, a 23% increase in the net profit, with the 14% increment in new insurance business.

In an interview with leading newspaper, Mr. Kshitij Jain, MD & CEO, Exide Life Insurance said, “In the current FY16, we shall focus on improving market share of our Unit Linked Insurance Product, as well as group insurance policy.”

He further said that despite the ING Vysya Bank is exiting the Bancassurance partnership due to the acquisition by Kotak Mahindra Bank; it has clocked Rs 645 crores in FY 14-15. The bank in the first three quarters of last year accumulated Rs 42 crores in premiums from its new line of business, i.e., selling insurance products.

ING Vysya Bank paid death claims worth Rs. 57 crores and maturity claims worth Rs. 494 crores in FY14-15. With the new capital investment, the paid-up capital has increased to Rs. 1750 crores, with 284% improvement in the solvency margin. Thus, the total value of premiums improved by 11% with net profits clocked at Rs. 2027 crores.

Currently, Exide Industries have formed new Bancassurance partnerships with a few co-operative banks and has a team of agents to sell insurance products. 

Source: This news was published on May 5, 2015 in under the title: Exide Industries infused Rs 150 crore in insurance arm in 2014-15

Different types of Plans

Premium By Age

Life insurance articles

Recent Articles
Popular Articles
What High Net Worth Individuals (HNIs) Do To Secure Their Family?

09 Aug 2023

High net worth individuals often opt for life insurance plans to
Read more
A Review Of ICICI Prudential Life Insurance

28 Jun 2023

“Policy Bazaar insurance clarified the term policy for me, so
Read more
A Review Of HDFC Life Insurance

27 Jun 2023

“I recently bought an HDFC term plan and it is the best
Read more
Best Life Insurance Policy in India with High Returns

20 Jun 2023

The best life insurance policy in India is a type of life
Read more
Which Insurance is Best in India?

20 Jun 2023

Insurance is a financial product that transfers the risk to a
Read more
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However
Read more
SBI Life Insurance 50,000 per year Plan for 5 Years
Life insurance is about the financial protection of the family and working for life’s milestones through smart
Read more
Life Insurance Claim Settlement Ratio
The Claim Settlement Ratio is a percentage that represents the ratio of claims paid to customers by an insurance
Read more
PLI Surrender Value Calculator
PLI Surrender Value Calculators have proven to be one of the simple tools for digitally savvy customers. PLI
Read more
SBI Life Insurance Policy Surrender Value Calculator
Are you planning to surrender your SBI life insurance plan? But, are you aware of the amount attached to the
Read more

View Plans
Download the Policybazaar app
to manage all your insurance needs.