Overall insurance pie has not expanded as expected: HDFC Life MD and CEO Vibha Padalkar

HDFC Life CEO Vibha Padalkar highlights intense competition and rising costs in open architecture. She believes credit life policies are vital and need careful consideration. Equitable commission structures are essential for distributor incentives and market penetration. Increased foreign direct investment will bring capital and innovative products to India. Protection growth shows promise, though pricing remains extremely competitive and margins are improving.