Retail protection demand should come back in H2 of FY23: HDFC Life MD & CEO

Vibha Padalkar talks about the company's performance in Q1 and its growth plans going forward

The life insurance industry has seen decent growth this financial year (FY23) so far, though on a low base, with the unlocking of the economy and easing of supply-side constraints. In this backdrop, Vibha Padalkar, managing director and chief executive officer, HDFC Life Insurance, spoke to Subrata Panda about the company’s performance in Q1 and its growth plans. Edited excerpts:

What is driving the margin expansion?

We have been consistently talking about a smooth upward curve, whether it is in margins, the value of new business (VNB) growth, top line, and so on. The margin expansion has come amid a volatile environment