Exide Life Insurance Wins Top Innovation of the Year Award for ‘My Money Book’

Exide Life Insurance, an established and profitable Life Insurance Company is now the proud winner ofFINNOVITI 2016, an award for inspiring innovations in the financial services sector.

‘My Money Book’, a one of its kind record keeping book,  was chosen as one of the top 20 innovations for the year and was presented at an award ceremony held recently in Mumbai.

The nominations competed with over 150 entries submitted by more than 80 organizations.

‘My Money Book’ is especially designed in line with Exide Life Insurance’s brand mission to help people prepare financially for a long and happy life.

While savings and investment are important, record keeping one’s financial engagement is equally important.

Hence, My Money Book helps people create a consolidated and comprehensive summary of all their financial information. It helps you stay organized; it’s useful when you need it the most and it’s easy and simple to use.

Commenting on the win, Mohit Goel, Director – Marketing, Exide Life Insurance said, “It is a privilege to win the FINNOVITI 2016 and is a testament to a truly innovative product.

To be recognized amongst top 20 financial innovations is very special and we look forward to winning more such accolades in the future.

The book is available in 7 Indian languages and over 80,000 copies have been given out since inception. In addition to this, we are working towards launching a Mobile App version of ‘My Money Book’, for data to be stored and available with added ease.”

Finnoviti Conference and Award is an annual platform instituted by the Banking Frontiers that recognizes and showcases key innovations which have transformed the BFSI sector. Deloitte was the process advisor for FINNOVITI 2016.

About Exide Life Insurance Company Limited

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 profitable and serves over 10 lakh customers across India and manages over INR 8,800 crores in assets.

The company is 100% owned by Exide Industries Limited and is proud to be part of a 100-year-old brand heritage in India. (*As on 31st March 2015)

Exide Life Insurance distributes its products through multi-channels viz. Agency, Banc assurance, Alliances and Direct Channels.

The Agency channel comprises of over 35,000 advisors who are attached to over 200 company offices and customer care centers across the country.

The Alliances business includes distribution relationships with banks, Corporate Agents, Brokers & Referral Partners.

Exide Life Insurance, one of the leading life insurance companies in South India, is now growing its franchise in East and other parts of the country.

The company is focused on providing long-term protection and savings solutions and has a strong traditional product portfolio with a consistent bonus track record.

Exide Life Insurance has the ISO 9001:2008 quality certification for all Customer Service processes.

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 15,000 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 18000-plus dealers. (*As on 31st March 2015)

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.

Curated from Exide Life Insurance Wins Top Innovation of the Year Award for ‘My Money Book’

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