IRDAI Approves Appointment of Keki Mistry as Chairman of HDFC Life

Following Deepak Parekh’s resignation from the post of Chairman, HDFC Life Insurance appointed Keki Mistry to fill the position. Subsequently, the Insurance Regulatory and Development Authority of India (IRDAI) granted approval for Mistry’s appointment.

Appointment Confirmation

On May 7, 2024, IRDAI officially approved Keki Mistry’s appointment as Chairman of HDFC Life. This endorsement came after the insurer’s board unanimously selected Mistry for the role, effective immediately upon regulatory approval.

Professional Background

Keki Mistry, a Chartered Accountant and Fellow Member of the Institute of Chartered Accountants of India, previously served as Vice Chairman and CEO of Housing Development Finance Corporation (HDFC) Limited. With HDFC’s amalgamation with HDFC Bank, Mistry transitioned to a Non-Executive Director role on HDFC Bank’s Board. Additionally, he holds directorial positions in several other prominent companies.

Industry Engagement

Mistry’s industry involvement extends to his membership in the Primary Market Advisory Committee (PMAC) established by the Securities and Exchange Board of India (SEBI). He also serves on an Expert Committee formed by SEBI to streamline regulatory provisions, chairing Working Group 1 of this committee.