"The Board has unanimously approved the appointment of Keki M Mistry as the chairman of the board with immediate effect subject to approval of Insurance Regulatory and Development Authority," the statement from the company read.
India s HDFC Life Insurance Company reported a decline in new business margin for the last financial year on Thursday, pressured by rising customer preference for low-margin products over.
Mumbai: Veteran banker Deepak Parekh has resigned from his positions as Chairman and Non-Executive Director of HDFC Life Insurance, the company said in an exchange filing on Thursday.