HDFC Life, a leading life insurer in India, has been recognized as a ‘Next Leader’ in the Indian Corporate Governance assessment conducted by Institutional Investor Advisory Services (IiAS) as of December 31, 2024. This recognition is a testament to the company’s commitment to transparency, accountability, and exemplary governance practices. HDFC Life has been featured on this prestigious list for the fourth consecutive year, which is based on the annual assessment of the BSE 100 companies using the Indian Corporate Governance Scorecard framework.
This framework, developed jointly by IFC, BSE, and IiAS, is based on the G20/OECD Principles of Corporate Governance and has been in use since 2015. The recognition comes as HDFC Life enters its 25th year of operation, highlighting the company’s superior standards of corporate governance. Narendra Gangan, General Counsel, Chief Compliance Officer, and Company Secretary of HDFC Life, expressed the company’s delight at being part of this esteemed list, stating that ensuring adherence to the highest standards of corporate governance is a way of life for the company.
HDFC Life endeavors to stay true to its commitment towards all aspects of Environment, Social, and Governance (ESG) and humbly accepts this recognition. The company continues its journey of securing the lives of Indian citizens and working towards achieving the industry’s collective goal of ‘Insurance for All by 2047’. This recognition is a significant milestone for HDFC Life, demonstrating its dedication to maintaining the highest standards of corporate governance and its commitment to transparency and accountability.
The Indian Corporate Governance Scorecard framework is a widely recognized benchmark for assessing corporate governance practices in India. By being featured on this list for the fourth consecutive year, HDFC Life has demonstrated its consistent commitment to upholding the highest standards of governance, transparency, and accountability. This recognition is a testament to the company’s unwavering dedication to its stakeholders, including customers, employees, and investors. As HDFC Life continues to grow and evolve, it remains committed to maintaining its position as a leader in the Indian life insurance industry.