Don't see term product prices rising: HDFC Life MD & CEO Vibha Padalkar

Vibha Padalkar talks about the adequacy of reserves the company set aside for future claims and the impact of higher claims on term prices, among others

The life insurance industry was gradually recovering from the first wave of Covid when the second wave struck. While the insurers were prepared, the ramifications were much more than what they had anticipated.
 
VIBHA PADALKAR, managing director (MD) and chief executive officer (CEO), HDFC Life, in an interview with Subrata Panda, spoke about the adequacy of reserves the company set aside for future claims and the impact of higher claims on term prices, among others. Edited excerpts:
 
Has business picked up after Q1?
 
We are seeing very robust trends. Last year, things had started picking up