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Jan 23, 2013 · Amsterdam, 23 January 2013. ING announced today it has agreed to sell its 26% interest in ING Vysya Life Insurance Company Ltd. to its joint venture partner Exide Industries Ltd. ING’s exit from the Indian life insurance joint venture is part of the previously announced intended divestment of ING’s Asian Insurance and Investment Management ...
In 2000, ING Insurance, a sub-holding company of Dutch financial major ING Group, tied up with Bangalore-based Vysya Bank to enter the Indian life insurance market thus forming the ING Vysya Life Insurance company. In the same year, ING Vysya Bank, ING Insurance, and the Damani Group formed a life insurance joint venture. This innovative collaboration marks the first bancassurance venture in India.. Exide Industries acquired 50% stakes of ING Vysya Life Insurance in 2005 and distributed its ...
Exide Life Insurance Company Limited (formally ING Vysya Life Insurance), an established life insurance company serving over 15 lakh customers in over 200 cities in India. And we are the authorized dealers of all of the company products ranging from Life Insurance, Health Insurance, Child Plans, Retirement & Pensions plans, Investment plans etc.
May 5, 2014 · ING Vysya Life Insurance on Monday renamed itself as Exide Life Insurance Company following regulatory approval with the formal exit of The Netherlands-based ING Group from the insurance venture.
It is a pure Term Insurance Policy with Death Benefit only and no Maturity Benefit. Additional rider benefits of Accidental Death and Accidental Death, Disability and Dismemberment benefit. Single and limited premium payment options available. Review of ING Vysya Term Life Plan. Check Key features & Benefits of this plan and compare with other ...
May 5, 2014 · Exide Life Insurance Company Limited (formerly ING Vysya Life Insurance Company Limited) commenced operations in 2001 and is head quartered in Bangalore. The company is 100% owned by Exide Industries Limited and is proud to be part of a 100 year old brand heritage in India.
May 6, 2014 · Verdict Staff May 6, 2014. Share this article. ING Vysya Life Insurance has changed its name to Exide Life Insurance, following the approval from Insurance Regulatory and Development Authority (IRDA) and Ministry of Corporate Affairs. The company said that it would continue its commitments and obligations under the insurance policies issued ...
News - GLI. ING Vysya Life Insurance gets Rechristened to Exide Life Insurance. Exide Industries Ltd has been the biggest shareholder of Exide Life for 8 years and overtook 100% ownership of the company more than an year ago. In the year 2013-14, the insurer experienced doubling in its profits to Rs.53 crore due to increment in premium renewals ...
Unit Linked Insurance Plan (ULIP) is a life insurance policy which provides a combination of risk cover and investment. The dynamics of the capital market have a direct bearing on the performance of the ULIPs.
