Thursday, May 8, 2014

ING Vysya Life Insurance Will Now Be Known As Exide Life Insurance

ING Vysya Life Insurance Company has announced that it has changed its name to Exide Life Insurance Company Limited with immediate effect after the insurer received approval from the regulator Insurance Regulatory and Development Authority (IRDA) and Ministry of Corporate Affairs.

“Exide Industries Limited has been our major shareholder for 8 years and acquired 100% ownership of the company over a year back", said Exide Life Insurance Managing Director and CEO Mr. Kshitij Jain.

The company will continue to honour its commitments and obligations under the insurance policy(s) issued to customers in the name of ING Vysya Life Insurance Company Limited, Mr. Jain said.

The name and brand identity will have no impact on the operations of the company. Members of the board of directors and senior management remain the same.

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