Introduction
Exide Life Insurance Company launched in year 2000. It is launched in the year 2001. It’s headquartered is located in Bangalore, this insurer is owned by Exide Industries Ltd. and Exide life is India’s one of the greatest manufacturer of electric storage batteries. This company was previously known as ING Vysya Life Insurance Company. It has over 200 offices in across the country and is supported by over 35,000 advisors. Some of the general plans offered by this company are protection plan, saving, investment and retirement plan, etc. All these plans are designed as a customer centric approach.Â
In 2008, owing to the financial crisis, ING had entered into a bailout agreement, thus starting a global restructuring strategy, and decided to exit the insurance business in India. Prior to India, ING exited its insurance ventures with countries like Malaysia, Thailand and Hong Kong as well.
Key peoples
| Key people | Sanjay Vij (Executive Director and Principal Officer) Rangarajan BN (Appointed Actuary and CRO) B. Ashwin (COO |
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Customer Service
Exide Life Insurance emphasizes customer service and provide various channels for customers to reach out for any quarries like online support, branch services, and dedicated customer service helplines.
Acquisition by HDFC Life
In September 2021, HDFC Life, one of India’s biggest life insurance companies, announced its acquisition of Exide Life Insurance. The acquisition involved HDFC Life acquiring a 100% stake in Exide Life Insurance. This deal is considered one of the India’s biggest insurance deals.
Claims Settlement
This insurance company has a strong focus on claims settlement. The company has a high claims settlement ratio, which indicates its commitment to honoring claims and providing financial security to policyholders is extreme.
Product Offerings
It offers a range of life insurance plans to cater to the diverse needs of individuals and families. These include term insurance plans, savings and investment plans, retirement plans, child plans, and health insurance plans.
Website
For further contact check on https://www.hdfclife.com/customer-service/customer-service-eli.