New Delhi: ING Vysya Life Insurance Company Limited has announced that the company name has been renamed Exide Life Insurance Company Limited (Exide Life Insurance) with immediate effect following approvals from Insurance Regulatory and Development Authority (IRDA) and Ministry of Corporate Affairs.
Exide Life Insurance serves over 1 million customers in over 200 cities across India and manages over Rs 7,000 crore in assets.
“Exide Industries Limited has been our major shareholder for 8 years and acquired 100% ownership of the company over a year back” said Kshitij Jain, Managing Director and CEO of Exide Life Insurance Company Limited.
The company will continue to honor its commitments and obligations under the insurance policy(s) issued to customers in the name of ING Vysya Life Insurance Company Limited, Jain said.
