Introduction
Exide Life Insurance is a prominent insurance company in India that offers a wide range of insurance products and services to individuals and businesses. With a focus on customer-centricity and financial protection, Exide Life Insurance has gained a reputation for its reliable and innovative insurance solutions. In this article, we will delve deeper into the various aspects of Exide Life Insurance, including its history, products, and customer benefits.
History of Exide Life Insurance
Exide Life Insurance, formerly known as ING Vysya Life Insurance, was established in 2001 as a joint venture between Exide Industries Ltd. and ING Insurance International B.V. In 2013, Exide Industries Ltd. acquired ING’s stake in the company, leading to the rebranding and renaming of the company as Exide Life Insurance.
Insurance Products and Services
Exide Life Insurance offers a comprehensive range of insurance products and services to cater to the diverse needs of individuals and businesses. Some of the key insurance products offered by Exide Life Insurance include:
Term Insurance: Provides financial protection to the policyholder’s family in the event of their untimely demise during the policy term.
Endowment Plans: Combines insurance coverage with savings and investment options, offering both protection and maturity benefits.
Unit Linked Insurance Plans (ULIPs): Offers a combination of insurance and investment, allowing policyholders to invest in various market-linked funds while enjoying life cover.
Pension Plans: Provides individuals with a regular income after retirement, ensuring financial security during their golden years.
Child Plans: Designed to secure a child’s future by providing financial assistance for their education, marriage, or other milestones.
Customer Benefits
Exide Life Insurance focuses on delivering value to its customers through various benefits and features. Some of the key customer benefits offered by Exide Life Insurance include:
Customized Solutions: Exide Life Insurance understands that every individual has unique insurance needs. Hence, they offer customized solutions tailored to meet specific requirements.
High Claim Settlement Ratio: Exide Life Insurance boasts a high claim settlement ratio, ensuring that policyholders or their beneficiaries receive their rightful claims in a timely manner.
Easy Premium Payment Options: Exide Life Insurance provides multiple premium payment options, including online payment, auto-debit, and payment through authorized bank branches, making it convenient for policyholders to pay their premiums.
Customer Service: The company has a dedicated customer service team that assists policyholders with any queries, concerns, or claims-related issues promptly and efficiently.
Conclusion
Exide Life Insurance is a trusted insurance provider in India, offering a wide range of insurance products and services to cater to the diverse needs of individuals and businesses. With a customer-centric approach, high claim settlement ratio, and innovative solutions, Exide Life Insurance has established itself as a reliable partner in ensuring financial protection and security for its customers.
References
1. exidelife.in
2. economictimes.indiatimes.com
3. moneycontrol.com
