Vibha Padalkar: The Digital Lifer

We need to continue to innovate because there are newer emerging risks

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Vibha Padalkar, 53, HDFC Life InsuranceVibha Padalkar, 53, HDFC Life Insurance
Teena Jain Kaushal
  • Dec 13, 2021,
  • Updated Dec 13, 2021 12:00 PM IST

Vibha Padalkar believes the pandemic helped her company emerge stronger because of its strong underlying digital DNA. “It was a very difficult situation. We emerged stronger, resilient, as we took a very holistic approach,” says Padalkar, MD and CEO of HDFC Life Insurance. Proof of the pudding: HDFC Life’s profits rose from Rs 1,295 crore in FY20 to Rs 1,360 crore in FY21. Her next objective? “We need to have a lot of our core processes, systems and products digital-ready. We need to continue to innovate because there are newer emerging risks and the pandemic is here to stay.” Tech that.

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Vibha Padalkar believes the pandemic helped her company emerge stronger because of its strong underlying digital DNA. “It was a very difficult situation. We emerged stronger, resilient, as we took a very holistic approach,” says Padalkar, MD and CEO of HDFC Life Insurance. Proof of the pudding: HDFC Life’s profits rose from Rs 1,295 crore in FY20 to Rs 1,360 crore in FY21. Her next objective? “We need to have a lot of our core processes, systems and products digital-ready. We need to continue to innovate because there are newer emerging risks and the pandemic is here to stay.” Tech that.

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ABOUT THE AUTHOR

Teena Jain Kaushal

I have been a multimedia journalist with over 15 years of experience covering personal finance. I am also a Certified Financial Planner (CFP). I write and speak on money matters from insurance, mutual funds, banking to cryptos and NFTs. I have worked with mint, money9, Outlook Money, India.com and others. I love reading and binge watching in my free time. The rest of the time it is about conversations around minecraft, IPL, Avengers and Harry Potter with my son.

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