Don't expect material change in bancassurance regulations: Vibha Padalkar

Vibha Padalkar discusses Q1 margins, policy trends, product mix and regulations

With HDFC Life Insurance’s number of policies going down in the first quarter of the financial year 2025-26 (Q1FY26), Vibha Padalkar, the company’s managing director and chief executive officer, expressed hope of things picking up in the next 2-3 quarters. In an interview with Aathira Varier and Subrata Panda, Padalkar talks about clarity on bancassurance, the company’s performance and the road ahead, amid a challenging environment marked by choppy equity markets and a monetary easing cycle. Edited excerpts:

 

Bancassurance has been a major discussion point over the last few months. Is there any clarity from the regulator’s side or from