The company will continue to honor its commitments and obligations under the insurance policy(s) issued to customers in the name of ING Vysya Life Insurance Company Limited, he said. Commenting on the change in Company identity; A K Mukherjee, Chief Financial Officer, Exide Industries, said; "Exide Industries has been the major shareholder of the company since 2005 and acquired 100 % ownership of the company in 2013. Changing the Company's brand name to Exide Life Insurance is a further reaffirmation of the long term commitment of Exide Industries to our life insurance business." Since its establishment in September 2001, Exide Industries has invested Rs 1,600 crore in the life insurance business. Post its acquisition of stake from ING Group in January 2013, the company infused Rs 135 crore. There will be no need to make further capital infusion in 2014-15, said Uco Vegter, chief financial officer, Exide Life Insurance Company Limited.