Keki Mistry Approved as Chairman of HDFC Life by IRDAI

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The Insurance Regulatory and Development Authority (IRDAI) has approved Keki Mistry's appointment as chairman of HDFC Life on May 7, 2024.

An Overview of the News

  • Mistry succeeds Deepak S. Parekh, who stepped down from the chairman and non-executive director roles.

  • HDFC Life's board unanimously endorsed Mistry's appointment on April 18, awaiting IRDAI's approval.

  • Formerly vice chairman and CEO of HDFC Limited, Mistry now serves as a non-executive director on HDFC Bank Limited's board post-merger.

About Keki Mistry

  • With directorships in multiple companies, Mistry is a chartered accountant and fellow member of the Institute of Chartered Accountants of India.

  • He contributes as a member of the Primary Market Advisory committee (PMAC) and has previous experience on SEBI's Corporate Governance Committee.

  • Mistry chaired the CII Corporate Governance Committee for two consecutive terms (2016-17 and 2017-18).

  • Currently, he leads Working Group 1 within an SEBI expert committee dedicated to enhancing business practices and aligning regulations.

HDFC Life Insurance Company Limited:

  • It is a provider of long-term life insurance services.

  • The company provides both individual and group insurance services.

  • Establishment - 14 August 2000.

  • Headquarters - Mumbai

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