Addressing the company s 23rd annual general meeting, Parekh, who till June 30 was the chairman of HDFC which got merged with HDFC Bank, said several changes that the regulator Irdai is proposing would enhance insurance penetration, facilitate sustainable growth and ease the operating environment.
The regulator has already introduced use and file regime for faster product launches and revised the expenses of management and commission guidelines to provide greater flexibility to companies to manage their cost structures.