Kolkata, May 10 -- Exide Life Insurance Company Limited recorded a year of strong
growth in profits despite a challenging business environment in FY 20-21.
The Company reported Profit before Tax at INR 61.2 Crores, a growth of 112% over
FY19-20, as a result of improved efficiency and superior product mix.
Keeping up with its promise of "Lamba Saath, Bharose Ki Baat", the Company continued
its tradition of declaring bonus to participating policyholders every year since 2002. For
the year ending March 2021, the Company declared policyholder bonus of INR 376 Crores,
a growth of 16% over FY19-20.
The Company's Claim Settlement Ratio continues to improve and is now among the best
in the industry at 98.54% in FY20-21 versus 98.15% in...