Vibha Padalkar, MD & CEO of HDFC Life Insurance, spoke to CNBC-TV18 about the company's business plans and growth prospects.

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“We have always maintained that smooth upward curve on all our key matrix including growth, so a 2-2.5 times GDP growth is something that we believe should lead to a sustained increase of 20 percent plus growth in embedded value and our focus is on conserving embedded value and to grow it steadily,” Padalkar said on Tuesday.

“In the past 5 years, our growth has been very consistently 20-20 mark; 20 percent growth in embedded value, 20 percent return on embedded value as well as 20 percent and above new business margins. So no reason to believe that we won’t continue along that trajectory,” she added.

On the growth front, Padalkar said, "We are focusing significantly on the retiral space. Maximum growth is seen in plans pertaining to retirement."