Exide Life Unveils Unit-Linked Insurance Plan

Exide Life Insurance on Tuesday launched Wealth Maxima, a market-linked insurance plan that gives an option to increase life cover at different life stages. The plan is available in three variants - Maxima Invest, Maxima Family, Maxima Child - and offers. three optional investment strategies to help maximise wealth creation potential, depending on the risk appetite. It also provides flexibility for investing additional amounts, switching between six different funds and withdrawing money as well.

Commenting on the launch, Exide Life Chief Distribution Officer Rahul Agarwal said, "Wealth Maxima aims to help Indians tap the wealth creation opportunity in Indian capital markets over the long term. Wealth Maxima packs many features and benefits in a single plan. This allows customeRs. to make the right decisions in-line with their life stage needs and risk appetite. The plan also allows them to switch to another plan option in-line with evolving protection needs.

" The company is 100 percent owned by Exide Industries. Exide Ind stock price On September 24, 2015, Exide Industries closed at Rs. 159.25, up Rs. 6.95, or 4.56 percent. The 52-week high of the share was Rs. 206.50 and the 52-week low was Rs. 136.35. The company's trailing 12-month (TTM) EPS was at Rs. 6.07 per share as per the quarter ended June 2015. The stock's price-to-earnings (P/E) ratio was 26.24. The latest book value of the company is Rs. 47.44 per share. At current value, the price-to-book value of the company is 3.36.