Page 37 - Insurance Times April 2020

Continued from Page 30 proprietary channels in a major way. In 2020-21, we will look
to be branch-light and distribution-heavy. Growing our
Interview with Mr. Vighnesh Shahane, proprietary channels will be a priority as well as further

MD & CEO, IDBI Federal Life Insurance.... leveraging Federal Bank’s network.
While our topline growth has been impacted, we are
Q.6. Recently, IDBI Federal has organized Kolkata continuing to do well on other parameters such as
th
Marathon for 4 time. What was the theme behind profitability, persistency, OPEX ratios, marketing, claim
associating with the event? settlement, surrenders and risk mitigation which will be our
focus in the next year as well.
While we encourage people to improve their financial fitness
through proper financial planning that protects and secures Q.8. Any other future development you would like to
their future, we also place equal importance on physical share?
fitness. Our focus in the near future is going to be on incubating and
growing our proprietary channels like agency, DST, online
Over the last five years, we have been actively spreading and group in a smart and aggressive manner. We will also be
the message of a fitter and healthier lifestyle through our looking to further leverage digital to improve customer
four marathons in Mumbai, Delhi, Kolkata and Kochi as well experience with the brand.
as through our other sporting initiatives in the areas of
badminton, cricket and football. The fourth edition of our Q.9. Our journal, The Insurance Times, has entered into
Kolkata Full Marathon held in February 2020 was a 40 year of publication? Would you like to convey any
th
tremendous success. Flagged off by our Brand Ambassador, message to the readers?
Sachin Tendulkar, we saw close to 14,000 people from The Insurance Times has been doing a wonderful job of
different walks of life participating across the various race providing informative and relevant news, articles and
categories. updates on the insurance sector over the past 40 years. I
would like to encourage all the readers to continue
Q.7. How has been your performance in 2019-20 and what supporting this publication and to keep increasing their
is your target for the next financial year? knowledge and awareness about this sector. I wish The
While 2019-20 has been a tough year for us due to the loss of Insurance Times all the very best and hope it grows to new
business from IDBI Bank, we have worked to ramp up our heights!

Continued from page 6....
Interview with Mr. Surath Mukherjee, Executive Q5. Any lessons or any thought that you would like to
Director Head,Internal Audit & Risk Assurance, share with our readers.
Dalmia Bharat Group This is a topic of extreme importance and relevance for today's
Q4. What are the top three emerging risks from your in- business world and organizations that will successfully un-
dustry point of view. derstand and navigate the risks will survive and grow and in
Information Security Risk case the wave of uncertainty is not anticipated and properly
Environmental Compliance Risk quantified and mitigated it may overnight erode significant
Market Demand & pricing Risk business value and even affect the organization's existence.

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The Insurance Times, April 2020 37