Mumbai, Maharashtra, India:
HDFC Life, one among India’s main life insurers, at its board assembly held at present, introduced that it could elevate Suresh Badami to the position of Deputy Managing Director. The appointment, efficient at present, has been accredited by HDFC Life’s NRC and the Board of Directors, and the mentioned appointment is topic to approval of Shareholders and Regulators, as relevant.
Suresh has a wealthy and numerous expertise of 27+ years in gross sales and business, throughout assorted industries, together with 18+years in Banking and Financial companies. He has been related to HDFC Life since October 2013 and has led a number of strategic initiatives inside HDFC Life and its subsidiaries. He carefully supervised the Exide Life merger inside HDFC Life. He continues to play an lively position in serving to develop the wholly-owned subsidiary, HDFC International Life and Re Company Limited, in Dubai and is a member of their Board of Directors.
Commenting on the event, Vibha Padalkar, MD & CEO of HDFC Life, mentioned, “I am pleased to announce the elevation of Suresh from Executive Director & Chief Distribution Officer to the role of the Deputy Managing Director. Suresh will continue to lead our focus on profitable growth and expansion, while steering the business and ensuring smooth transition of Exide Life’s merger with HDFC Life. The company will continue to focus on reducing the protection gap in the country while helping build a more robust, profitable and customer centric organisation.”
HDFC Life Insurance Company Limited (‘HDFC Life’ / ‘Company’) is a three way partnership between HDFC Ltd., India’s main housing finance establishment and abrdn (Mauritius Holdings) 2006 Limited, a worldwide funding firm. Established in 2000, HDFC Life is a number one, listed, long-term life insurance options supplier in India, providing a spread of particular person and group insurance options that meet numerous buyer wants such as Protection, Pension, Savings, Investment, Annuity and Health. The Company has greater than 60 merchandise (together with particular person and group merchandise) and non-obligatory riders in its portfolio, catering to a various vary of buyer wants. HDFC Life continues to profit from its elevated presence throughout the nation, having a large attain with branches and extra distribution touch-points by way of a number of new tie-ups and partnerships. The depend of distribution partnerships is over 300, comprising banks, NBFCs, MFIs, SFBs, brokers, new ecosystem companions amongst others. The Company has a powerful base of monetary consultants. For extra data, please go to www.hdfclife.com. You may join with us on Facebook, Twitter, YouTube and LinkedIn.
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