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Private life insurer IDBI Federal Life Insurance today announced the appointment of Vighnesh Shahane as the Chief Executive Officer & Whole Time Director of the Company.
R K Bansal, Executive Director, IDBI Bank, who in the interim had taken additional charge as the Acting CEO, IDBI Federal, said, "In his capacity as a channel head, Vighnesh has brought about a positive change and under his leadership, the Bancassurance channel registered unprecedented growth."
Shahane added that IDBI Federal is a young company that has embarked on a journey to change the way life insurance is sold and bought in the country. "It is this approach that has helped us withstand the challenge of the times and emerge as a growing company despite these challenges," he said.
In his career spanning over 20 years, Shahane worked with leading financial organisations across geographies.
IDBI Federal Life is a joint-venture of IDBI Bank, India's premier development and commercial bank, Federal Bank, one of India's leading private sector banks and Ageas, a multinational insurance giant based out of Europe.
