HDFC Life has been awarded the Silver Shield in Category-III – Life Insurance at the ICAI Awards for Excellence in Financial Reporting 2023-24.
The award, presented at the ICAI ceremony in New Delhi, recognises the company’s commitment to high standards of financial reporting. It honours organisations for their adherence to Indian Accounting Standards, regulatory requirements, and transparent financial practices.
HDFC Life is the only life insurance company to be recognised this year. The award highlights the company’s focus on transparency, governance, and its 99.5% claim settlement ratio for FY24.
Niraj Shah, Executive Director & CFO, HDFC Life, commented, “This award reinforces our values of transparency and good governance as we remain committed to financial security and responsible business practices.”
