Exide Life Insurance launches first-of-its-kind, non-linked participating individual Life Insurance Saving Plan ‘Exide Life Sampoorna Jeevan’

Chennai, 18 November, 2019: Exide Life Insurance today announced the launch of its non-linked participating individual Life insurance plan, Exide Life Sampoorna JeevanThe first-of-its-kind plan, Exide Life Sampoorna Jeevan, not only provides life insurance cover till age 75 or 100 years but also offers an individual the power to customize the payouts to suit the financial needs at multiple life stages.

Addressing the customer need to plan their life goals, Exide Life Sampoorna Jeevan allows the customer the flexibility to avail guaranteed regular income till age 75 or 100 or lump sum payouts or even opt for both. The plan offers 4 guaranteed benefit options and 5 bonus options to choose from, making the plan extensively comprehensive to suit the varying and changing needs of the customer. With 28 possible permutations made available to the customers, each of the Guaranteed and Bonus options provides a unique benefit, allowing customers to create a plan that works best for them. 

On the occasion of the launch, Mr. Sanjay Tiwari, Director, Product Management & Customer Service, Exide Life Insurance said, “For us, the customer is always at the forefront. All our product offerings are conceptualized keeping the customer needs in mind. Through extensive customization, Exide Life Sampoorna Jeevan offers customers the freedom to select their preferred means of benefit payouts thereby helping them plan better for their life goals. Be it 2nd income or legacy creation, long term cover for family’s financial protection or bonus payouts from end of first year itself, partial withdrawal for unplanned expenses or pre-defined lump sum payouts for life’s important milestones, this plan has all the customer needs covered. It has aptly been positioned as the plan that stays ‘with you, through life’. We believe this product will create a disruption in the market”

For further details contact:

Parvathi Nair

Exide Life Insurance

Parvathi.nair@exidelife.in; +91 9920927858

 About Exide Life Insurance Company Limited:

Exide Life Insurance Company Limited, an established and profitable life insurance company, commenced operations in 2001-02 and is head quartered in Bengaluru. The company is 100% owned by Exide Industries Limited. The company serves over 15 lakh customers and manages assets of over INR 14,300 Crores. During the financial year 2018-19, the company achieved Total Premium Income of over INR 2,800 crores. Exide Life Insurance distributes its products through multi-channels viz. Agency, Banc assurance, Corporate Agency & Broking, Direct Channel and Online. The Agency channel comprises of 45,000+ advisors who are attached to over 200 company offices across the country. The company also offers group life insurance solutions.

The company is focused on providing long term protection and savings solution plans and has a strong traditional product portfolio with a consistent bonus track record. The company has ISO 9001:2015 quality certification for all Customer Service processes and the ISO/IEC 27001:2013 for information security management.

About Exide Industries Limited:

Exide is India’s largest manufacturer of electric storage batteries and its biggest power-storage solutions provider with a market capitalization of over INR 20,000 crores*. Since its introduction in India more than a hundred years ago, Exide remains the foremost and the most trusted battery brand in India. The century old brand equity is backed by a robust nation-wide network of 48,000 plus outlets and 180 plus sales & service touch points (*As on 31st March 2019).

With 7 world-class battery manufacturing factories across India, the range of products offered by the company covers everything from the smallest batteries required in motorcycles to the giant batteries powering submarines. After all, India moves on Exide.