Padalkar steps in as HDFC Standard Life CEO

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Vibha Padalkar will develop into the brand new chief govt of HDFC Normal Life Insurance coverage for a time period of three years.

The appointment was introduced by the corporate in a current assertion and took impact beginning Wednesday.

Earlier than her promotion, Padalkar was chief monetary officer of the agency.

The transfer comes after Amitabh Chaudhry resigned because the chief of HDFC Normal Life Insurance coverage to hitch Axis Financial institution as CEO.

Padalkar will now steer the most important non-public sector life insurer within the nation when it comes to new enterprise premium assortment.

Her appointment was determined throughout a gathering of the board of administrators of the life insurer, primarily based on the advice of the nomination and remuneration committee.

In a regulatory submitting, the corporate mentioned the phrases of appointment are nonetheless topic to approval by shareholders and the Insurance coverage Regulatory and Growth Authority of India.

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