Ctober 15 Ani Newsvoir On October 14 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mumbai (Maharashtra) [India], October 15 (ANI/NewsVoir): On October 14, 2022, HDFC Life, one of India's leading life insurers, announced the merger with its wholly owned subsidiary Exide Life, pursuant to the receipt of the final approval from Insurance Regulatory and Development Authority of India (IRDAI). This event marks the completion of the first-ever merger and acquisition (M&A) transaction in the Indian life insurance sector. HDFC Life completed the acquisition of Exide Life in January 2022. The entire transaction - from announcement of the deal in September 2021 followed by the acquisition in January 2022 and the eventual merger - was completed in less than 14 months. Pursuant to the merger, customers across both entities will have access to a wider bouquet of products and service touchpoints. Employees and distributors will benefit from a larger, stronger organisation that has complementary business models, wider geographical presence and strong ethos. This merger will ....

Vibha Padalkar , Mauritius Holdings , Life Insurance Company Limited , Development Authority Of India , Life Company , Exide Life , Insurance Regulatory , Development Authority , Insurance Company Limited , Mumbai Maharashtra India , Ctober 15 Ani Newsvoir On October 14 , Hdfc Life , Ne Of India 39s Leading Life Insurers , Nnounced The Merger With Its Wholly Owned Subsidiary Exide Life , Ursuant To The Receipt Of Final Approval From Insurance Regulatory And Development Authority India Irdai This Event Marks Completion First Ever Merger Acquisitionm Ampa Transaction In Indian Life Sector Hdfc Completed Acquisition Exide January 2022 Entire Announcement Deal September 2021 Followed By Eventual Was Less Than 14 Months Pursuant , Ustomers Across Both Entities Will Have Access Toa Wider Bouquet Of Products And Service Touchpoints Employees Distributors Benefit Froma Larger , Tronger Organisation That Has Complementary Business Models , Ider Geographical Presence And Strong Ethos This Merger Will Accelerate The Scale Up Of Hdfc Life 39s Agency Channel Enhance Its In Tier Ii Iii Markets Speaking On Vibha Padalkar , Md And Ceo , Uot We Are Delighted To Have Completed The Entire Transaction Ina Short Span Of Time This Merger Has Been Made Possible Due Encouragement , Imely Approvals And Support From Our Regulator Irdai All Other Authorities Involved In The Process We Would Also Like To Thank Passionate Committed Employees , Oyal Customers And Distribution Partners All Policyholders Of Exide Life Will Continue To Receive Best In Class Service From Us Now Have Access Hdfc 39s Market Leading Products , Ervices And Digital Capability We Strongly Believe That This Amalgamation Can Result In Value Creation For Our Customers , Hareholders And Distribution Partners As One United Team , Ur Vision Continues To Be The Most Obvious Choice For Life Insurance Solutions And We Do Our Part Insure India Quot Digital Purchasing Policy Servicing , Ll Prospects And Policyholders Can Visit Www Hdfclife Com Initiate Transactions Or Servicing Requests Hdfc Life Insurance Company Limited 39 Isa Joint Venture Between Ltd ,