IDBI Federal Life elevates Vighnesh Shahane as CEO

Private life insurer IDBI Federal Life today elevated Vighnesh Shahane as its chief executive and whole-time director.

Shahane was channel head before his elevation.

"At IDBI Federal, we believe in recognising talent and creating leaders from within the organisation. In his capacity as a channel head, Vighnesh has brought about a positive change and under his leadership, the bancassurance channel registered unprecedented growth," acting CEO and IDBI Bank executive director R K Bansal said commenting on his promotion.

IDBI Federal Life is a joint-venture between IDBI Bank, Federal Bank and the European multinational insurer Ageas.