Exide Industries’ subsidiary -- Exide Life Insurance is aiming over 30 per cent jump in new business premium during the current financial year, on the back of higher sales for term life products as well as focus on rider-based plans. Following the COVID-19 outbreak, there have been a rise for protection policies that the company is selling.
Exide Industries was incorporated in January 1947 as Associated Battery Makers to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company.