Choose Your Best Term Plan From ING Vysya Life Insurance (Exide Life Insurance)

ING Vysya Life Insurance is now renamed as Exide Life Insurance Company after taking administrative endorsement with the formal way out of Netherlands-based ING Group from the insurance protection venture. The organization began as ING Vysya Life Insurance Company Ltd. It was initially a joint endeavor between ING Vysya Bank and Exide Industries Ltd, though, later on, ING pulled itself from the endeavor and sold 26% of its stake to Exide which further prompted the making of Exide Life Insurance. The organization is into operations since 2001 and is headquartered in Bangalore. The organization likewise brags of an ISO 9001:2008 rating for all its forms identifying with client service. Exide's channel across the nation over is upheld by more than 35,000 counselors who work from around 200 workplaces. This initiative takes after Kolkata-based Exide Industries procuring 100% of the company previous year.

The new logo of Exide Life Insurance joins the intense ‘Exide’ word mark, with gentler, more contemporary types of "Life" with the 'Exide Life Sun' image. The red shade and the letterforms of the ‘Exide’ word mark associated with our most physical needs and our will to survive connecting visually with the guardian brand 'Exide'. The shading red indicates dynamism and robustness. ‘Life’.. is utilized as a part of the blue color to indicate the solidness and security of people. ‘Sun’ is the most accepted visual articulation of "life" and "confidence" and strengthens the brand's theory of preparing individuals for a long and upbeat life.

In 2005, Exide Industries, the biggest producer of electric stockpiling batteries in India bought around 50% in the ING Vysya Life Insurance. After eight years roughly Rs 550 crores was paid to buyout the Netherlands-based ING Group's 26% stake and the remaining investors. In an interview Exide Life Insurance Managing Director Kshitij Jain said that the Exide Industries has been their real shareholder for a long time and procured 100 % responsibility of the organization over a year back. Also, stated their joy of being a part of the rich legacy of Exide in India. Exide Life Insurance being the set up and a very profitable insurance company serves in around 200 cities to approximately 10 lacs across India and manages assets of over Rs 7000 crores.

In the FY 2013-14, Exide Life Insurance recorded doubled profits by Rs 53 crores driven by development in premiums payments and upgrades in effectiveness of product mix. The income premium grew to Rs 1,830 crores and resources under administration grew 13 for every penny to Rs 7,490 crores despite of the unstable economic condition. The organization promises to continue to honor its duties and commitments under the protection plans issued to the customers in the Name of ING Vysya Life Insurance Company.

A year ago, ING left from the venture of life coverage by offering 26% stake to the in house partner, Exide Industries which is the producer of electric batteries. Exide Industries has been an important shareholder of the organization since Year 2005 acquiring 100% responsibility for organization in 2013. The decision to change the organization's brand name to Exide Life Insurance is a re-confirmation of the long term responsibility towards Exide Industries to the life insurance products.

The products of Exide Life Insurance are distributed through different channels within Organization, Partnerships and Direct Channels. Their Agency channel includes more than 35,000 counsels who are connected to more than 200 organization workplaces and customer care agencies across the nation.

The Exide Life Insurance is amongst the fast growing insurance organizations in the Southern India. It is currently developing its establishments in different parts of the nation and is centered on providing long term insurance plans and investment funds solutions and has a solid conventional item portfolio with a consistent track record of bonuses. The Exide Life Insurance has the quality certification for all Customer Service processes by ISO 9001:2008.