Simarneet Wahi: Premium on people

HDFC Life's Simarneet Wahi's people skills have helped her team and revenue grow

Salil Panchal
Published: May 3, 2019 10:01:05 AM IST
Updated: May 3, 2019 11:26:10 AM IST

Life is not a template and neither is mine. Like several who have worked as journalists, I am a generalist in my over two decade experience across print, global news wires and dotcom firms. But there has been one underlying theme in each phase; life gave me the chance to observe and tell a story -- from early days tracking a securities scam to terror attacks and some of India's most significant court trials. Besides writing, I have jumped fences to become an entrepreneur, as an investment advisor -- and also taught the finer aspects of business journalism to young minds. At Forbes India, I also keep an eye on some of its proprietary specials like the Rich list, GenNext and Celebrity lists. An alumnus of Xavier Institute of Communications and H.R College of Commerce and Economics in Mumbai, I have worked for organisations such as Agence France-Presse, Business Standard, The Financial Express and The Times of India prior to this.

g_115557_simarneet_wahi_280x210.jpgImage: Madhu Kapparath

Simarneet Wahi, at 28, is just about four years into her professional career as an insurer but she has already achieved several firsts. Working at private insurance firm HDFC Life Insurance—which is her first job—she was the first woman (and the youngest) to become a corporate sales manager (CSM) in the Bancassurance Alliances division in Delhi. This division included 16 other CSMs and three territory managers, all of whom were men.

Wahi helps drive sales and business through their back office for the entire Delhi-NCR region. She deals with HDFC Life’s “channel partners” (which include corporate agents and banks, non-banking finance companies)to tap more customers by selling insurance.

Wahi currently has a ₹80 crore business target to achieve annually, which constitutes close to 10 percent of HDFC Life’s Credit Protect business. Her clientele includes NBFCs Bajaj Finance, Indiabulls, Indiabulls Ventures, Cholamandalam Finance, DCB Bank, Axis Bank and Orix Auto Infrastructure. 
Wahi’s entry into insurance was by chance. “I was approached by Infosys through a campus placement,” says Wahi, who completed her engineering in information technology from Guru Tegh Bahadur Institute of Technology in Delhi in 2012. “But I realised this was not what I was interested in… analysing data was what I wanted to do,” she says.


It helped that Infosys delayed issuing appointment letters, so Wahi chose not to join, took a break and then went on to complete her MBA in marketing from Delhi’s Fore School of Management in 2015. On graduating, she was approached by HDFC Life, which she first joined as a management trainee in Mumbai. She excelled here too, overachieving targets.

A family problem brought her back to Delhi in October 2016, but she continued to double monthly revenues from channel partners Indiabulls and DCB Bank in FY17. “I addressed their apprehensions by allocating specific instead of shared manpower, and strengthened relationships,” she says. This helped her get promoted to manager in July 2017.

It is not just clients who have shown confidence in Wahi. Her team in Delhi does, too, which has grown to 24 from four when she had first taken charge as a CSM in October 2016. Half her team was promoted last year.

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(This story appears in the 10 May, 2019 issue of Forbes India. You can buy our tablet version from To visit our Archives, click here.)

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