How can I check my Exide life insurance policy status?
For policy servicing, you can call the toll-free number 1800 419 8228, or call the number +91 80 4134 5444 from 09:00 a.m. to 07:00 p.m. from Monday to Saturday.
What are the benefits of Exide Life Insurance?
Exide Life New Fulfilling Life is a whole life insurance plan that offers life cover till the age of 85. You get Tax Benefits* in premiums paid for Exide Life New Fulfilling Life under Sec 80C and on Maturity Payouts under Sec 10(10D). *As per applicable income tax laws subject to change from time to time.
Who will acquire Exide Life Insurance?
HDFC Life
Effective today, Exide Life will operate as a wholly owned subsidiary of HDFC Life. Pursuant to the agreement, there was a cash pay-out of Rs. 726 crore and 8,70,22,222 equity shares at an issue price of Rs. 685 per share were allotted to Exide Industries Limited (“Exide Industries”).
Is Exide Life Insurance profitable?
10 May 2021, Bengaluru: Exide Life Insurance Company Limited recorded a year of strong growth in profits despite a challenging business environment in FY 20-21. The Company reported Profit before Tax at INR 61.2 Crores, a growth of 112% over FY19-20, as a result of improved efficiency and superior product mix.
How do I claim Exide Life Insurance?
Claim Process
- Your nearest Exide Life Insurance Branch Office Locate a Branch.
- Online claim registration on website Register a claim online.
- Write to us at [email protected].
Why did HDFC buy Exide?
HDFC Life MD and CEO said the first-of-its-kind acquisition is a reflection of the company’s intent to build a stronger India by providing a financial safety-net to more people. “We recognise that the life insurance market in India is multi-faceted, where one solution might not fit all.
What is the claim settlement ratio of Exide Life Insurance?
Claim Settlement Ratio (CSR) – It gives an idea of number of claims settled by the insurance company. Insurance companies with high CSR, is recommended. For example, Exide Life Insurance has a claim settlement of 98.15% in FY 2019–2020.
Who is the CEO of Exide Life Insurance?
Kshitij Jain (Jul 1, 2016–)Exide Life Insurance / CEO
How many LIC companies are there in India?
24
The life insurance sector in India comprises of, 24 are life insurance companies, Among the life insurance companies, Life Insurance Corporation (LIC) of India is the only public sector company.
Which bank merged HDFC?
MUMBAI : India’s largest private lender HDFC Bank on Monday said the Reserve Bank of India (RBI) has approved its proposed merger with parent and mortgage lender Housing Development Finance Corp Ltd (HDFC).
Which is best life insurance company in India?
Top 7 Life Insurance Companies in India
- Max Life Insurance Company.
- HDFC Life Insurance Company.
- Tata AIA Life Insurance Company.
- Pramerica Life Insurance.
- Exide Life Insurance Company.
- Reliance Life Insurance Company.
- Canara HSBC Life Insurance Company.