Insurance term prices will continue to rise: HDFC Life's Vibha Padalkar

Company is a steady performer and it is 'comfortably beating' the Sensex's performance, says the top executive.

Private multiple life insurers have raised term plan rates after reinsurers prodded them. The move stirred up the market as term plan rates have been raised multiple times in a few years. Vibha Padalkar, managing director and chief executive officer of HDFC Life, spoke to Subrata Panda on the recent hike in term plan rates, the company’s decision to increase retention limit, and the union budget among other things.

Edited excerpts from an intereview

In the budget there was nothing for the insurance sector. Was that disappointing?

While there wasn't anything specific for life insurance this time, it did have