Exide Life Insurance Company Limited is an established and profitable life insurance company. It started its operations in 2001-02 and is headquartered in Bengaluru. The company is 100% owned by Exide Industries Limited. The company serves over 15 lakh customers and manages assets of over INR 15,795 crores.
|COMPANY TYPE||Private Ltd|
|Managing Director & CEO||Mr. Kshitij Jain|
|Foreign Partner||Nil, 100% owned by Exide Industries Limited|
|Covering range of people||15 lakh customers|
|Contact Details||For Buy Policy Online Toll-free : 1800 419 0808 Mail : email@example.com For Policy Servicing Toll-free : 1800 419 8228 (For Policy servicing) Mobile : +91 8041345444 Mail : firstname.lastname@example.org Website : www.exidelife.in|
|Latest Claim Settlement Ratio||98.15% (FY 2019-20)|
|New Business Premium||Rs. 3220 Crore (FY 2019-20)|
|Asset Under Management||Rs. 15,795 Crore as on March 31st 2020|
|Solvency Ratio||210% as on 31st MAR 2020|
|Brand Ambassador||Mr. Mahendra Singh Dhoni, The great Indian Cricketer|
|Year of start||2001|
|IRDAI registration No||114|
|Corporate Office||Exide Life Insurance Company Limited 3rd Floor, JP Techno Park, No. 3/1, Millers Road, Bengaluru – 560 001.|
|Best products||1) Exide Life Smart Term Plan 2) Exide Life Elite Term Insurance Plan 3) Exide Life New Creating Life Insurance Plans 4) Exide Life Income Advantage Plan 5)Exide Life Saral Jeevan Plan 6)Exide Life New Immediate Annuity Plan|
|1) ‘Exide Life Smart Term Plan’ voted as Product of the year 2019 2) Masters of Modern Marketing; Best ATL Campaign for a Socio-economic Program 3) FICCI Award for ‘Best CSR Initiative – Life Category 4) ‘Digital Insurer of the year -2018 ‘ by Insurance Asia News|
We are trustworthy and do what we say
We are active and strive for constant improvement
We are quick to respond with a caring attitude
We focus on the long term with a prudent view of the future
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|Social Media Links||
Twitter : twitter.com/ExideLife
Facebook : facebook.com/exidelife
You Tube : youtube.com/exidelife
OPERATIONS OF EXIDE LIFE
During the financial year 2019-20, the company achieved Total Premium Income of over 3,220 crores. Exide Life Insurance distributes its products through multi-channels viz. Agency, Bancassurance, Corporate Agency & Broking, Direct channel and Online.
The Agency channel comprises of 45,000+ advisors who are attached to over 200 company offices across the country. The company also offers group life insurance solutions.
Exide Life is focused on providing long term protection and savings solution plans and has a strong traditional product portfolio with a consistent bonus track record.
The company having various products in that category to fulfill the various need of their customers in various stages of the life.
EXIDE INDUSTRIES LIMITED
Exide Industries Limited is a leader in energy storage and management solutions, India’s largest manufacturer of electric storage batteries and its biggest power-storage solutions provider with a market capitalization of over INR 20,000 crores.
Since its introduction in India more than a hundred years ago, Exide the foremost and the most trusted battery brand in India. The century old brand equity is backed by a robust nation-wide network of 48,000 plus outlets and 180 plus sales & service touch points.
With 7 world-class battery manufacturing factories across India, the range of products offered by the company covers everything from the smallest batteries required in motorcycles to the giant batteries powering submarines.
Exide designs, manufactures, markets and sells the widest range of lead acid storage batteries in the world from 2.5Ah to 20,600Ah capacity, to cover the broadest spectrum of applications.
Using the latest technological inputs, they manufacture batteries for the automotive, power, telecom, infrastructure, projects, computer industries, as well as the railways, mining and defense sectors.
VISION AND MISSION OF EXIDE INDUSTRIES
The vision of the Exide Industries is to become a Global Power house respected by customers and preferred by investors, known for innovative products and solutions and their Mission is to outperform at market exceeding expectations of customers and shareholders through the accelerated evolution of people, processes and technologies in its journey towards excellence.
The core values made by the company lead them to find the right people to work in the organization and they lead the company towards profitable and trustable among the people and the shareholders.
The strongest core values are Leadership, Integrity, People development and involvement, Agility, Passion for innovation and technology, Channel partner relationship, Striving for excellence, Customer orientation, Management by processes and facts, Responsible corporate citizenship.
Public Responsibilities of Exide Life
Exide Life’s visual identity indicates a brand-new story if a bright future, backed by big heritage. That retains the legacy of the ‘Exide’ word mark, reflects warmth through the letter forms of the word ‘Life’, and represents the optimistic future with the simple, yet powerful ‘Exide Life Sun’.
Just like life insurance is important to build a ion for our family’s financial future, it is important for Exide life as individuals to protect the environment and society to build a foundation of a better tomorrow. For that Exide life conducted various campaign, Helmet Saves, say no to plastics, SOS Children’s village of India, Akshaya Patra Foundation (APF).
Exide Life Insurance, as a part of their corporate social responsibility initiative, launched a road safety campaign with the objective of preventing loss of lives. The campaign under the banner “Helmet Saves” aims at educating every two-wheeler rider in India on the importance of wearing a helmet.
VARIOUS CAMPAIGN OF EXIDE LIFE
Meanwhile the company conduct Say No to Plastics campaign that educates the citizens of India on the negative effects of usage of plastics and encourages then switch to environment friendly materials.
This program was recognized by Rural Marketing Association India through a Gold Award in the Door to Door Marketing Category. SOS Children’s Village of India is a voluntary childcare organization that provides care to parentless and dispute children for their education, foster family and secure life.
In association with SOS Children’s Village, Exide Life Insurance extending support for complete child care requirements. Also, in partnership with Akshaya Patra Foundation, Exide life insurance is sponsoring distribution of mid-day meal to 1480 students of Government school across Bengaluru.
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