Exide Life recorded 27% growth in profit

Exide Life Insurance achieved 27 % growth in profit (PBT) to Rs. 112 crore for the financial year 2016-17. Announcing the company’s financial results, Kshitij Jain, Managing Director and CEO, Exide Life Insurance, said, “Our well diversified distribution network coupled with protection, savings and investment plans, helped deliver this growth.” The new business premium stood at Rs. 863 crore, a 36 % growth over last year. Total premium income rose 18 % to Rs. 2,409 crore.  

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