Vibha Padalkar named new MD of HDFC Life

HDFC Standard Life Insurance has elevated its executive director and chief financial officer, Vibha Padalkar (in pic), to the post of managing director and chief executive officer for a period of three years, effective from Wednesday. Her appointment came after the current MD and CEO, Amitabh Chaudhry, resigned on September 8 to join Axis Bank as MD and CEO for a period of three years, effective January 1, 2019.

“It will be my constant endeavour to continue expanding the reach of life insurance and deepen the trust bestowed upon us by customers, partners, shareholders and other stakeholders,” Padalkar was quoted.