HDFC Life Extends Vibha Padalkar's Term

New Delhi, Apr 21 (PTI) HDFC Life Insurance on Tuesday said the company has approved the extension of Vibha Padalkar as the Managing Director & Chief Executive Officer for a period of five years.

The extension is based on the recommendation of the Nomination and Remuneration Committee, the board at its meeting held on Tuesday approved the re-appointment of Padalkar for a period of five years with effect from September 12, 2026, HDFC Life Insurance Company said in a regulatory filing.


The re-appointment is subject to approval of shareholders at the ensuing Annual General Meeting and Insurance Regulatory and Development Authority of India, it said.

Padalkar joined HDFC Life in 2008 and has held several leadership roles within the organisation where she played a key role in strengthening the company's financial framework and was instrumental in the successful listing of HDFC Life in 2017, it said.

She was appointed as the MD & CEO of the company for three years effective from September 12, 2018. She succeeded Amitabh Chaudhry, who is now MD and CEO of Axis Bank.