HDFC Life, a leading life insurance company 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 in 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.
The scorecard framework is developed jointly by IFC, BSE, and IiAS and is based on the G20/OECD Principles of Corporate Governance. HDFC Life’s recognition comes as the company enters its 25th year of operations, and it is seen as an acknowledgement of the company’s superior standards of corporate governance. The company’s General Counsel, Chief Compliance Officer, and Company Secretary, Narendra Gangan, expressed delight at the recognition, stating that ensuring adherence to the highest standards of corporate governance is a way of life for HDFC Life.
Gangan emphasized that the company is committed to all aspects of Environment, Social, and Governance (ESG) and humbly accepts the recognition as it continues its journey of securing the lives of Indian citizens. The recognition is also seen as a step towards achieving the industry’s collective goal of ‘Insurance for All by 2047’. HDFC Life’s commitment to corporate governance and ESG practices is evident in its consistent performance and recognition in the industry. The company’s focus on transparency, accountability, and governance practices has earned it a reputation as a leader in the life insurance sector in India.