HDFC Life Insurance Company Limited has announced the appointment of Mr Vijay Vaidyanathan as Chief Human Resource Officer, effective April 01, 2026. The appointment was approved by the Board of Directors on March 8, 2026, following the recommendation of the Nomination and Remuneration Committee under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The key details of the appointment are outlined below:

Professional Background

Mr Vijay Vaidyanathan brings extensive experience to his new role, having been associated with HDFC Life since June 2001. With 25 years of experience across insurance distribution, strategic partnerships and organisational leadership, he has demonstrated consistent growth within the organisation. Starting his career with the Company as a Management Trainee, Vaidyanathan has progressively taken on diverse leadership responsibilities across multiple business verticals.

Leadership Experience

Throughout his tenure at HDFC Life, Mr Vaidyanathan has held key leadership positions that have contributed to the company's growth:

• Group Sales: Led sales initiatives and strategies
• Bancassurance: Played a key role in strengthening the Company's bancassurance partnerships
• Retail Strategy and Sales: Developed and implemented retail market strategies
• HNI Vertical: Managed high net worth individual client segments
• Alternate Channels: Expanded and strengthened the distribution ecosystem

Organisational Contributions

Beyond his business responsibilities, Mr Vaidyanathan has been actively involved in organisation-wide strategic and people initiatives. His contributions include heading the Employee Wellness & Well-being resource group, serving on the Talent Council, and contributing to employee recognition programmes. This experience in people management and organisational development positions him well for his new role as Chief Human Resource Officer.

Educational Qualifications

Mr Vaidyanathan holds strong academic credentials with a postgraduate degree in Business Management from the University of Mumbai and a Bachelor of Commerce from the University of Madras. His educational background, combined with his extensive practical experience in the insurance sector, provides a solid foundation for his new leadership role.

Regulatory Compliance

The appointment follows proper corporate governance procedures, with the Board of Directors making the decision based on the Nomination and Remuneration Committee's recommendation. The company has fulfilled its disclosure obligations under SEBI Listing Regulations by announcing this senior management appointment to the stock exchanges.

HDFC Life Insurance Company Limited has announced the grant of stock options to employees under its Employee Stock Option Scheme 2022. The Nomination & Remuneration Committee of the Board approved this decision at its meeting held on March 08, 2026, as disclosed under Regulation 30 of SEBI listing requirements.

Stock Option Grant Details

The committee has granted 10,000 equity stock options with specific terms and conditions for employee benefit. Each option carries a face value of Rs. 10 and has been priced at the grant price of Rs. 668.55 per option.

Vesting Schedule and Timeline

The granted options follow a structured vesting schedule spread over multiple years. The vesting mechanism is designed to retain talent and align employee interests with company performance over the long term.

Exercise Period and Conditions

Once the options vest according to the specified schedule, employees will have a defined window to exercise their rights. The vested options must be exercised within a period of 5 years from the date of respective vesting. Any options not exercised within this timeframe will lapse automatically.

This stock option grant represents part of HDFC Life Insurance's ongoing employee retention and incentive strategy. The disclosure was made in compliance with SEBI regulations governing listed companies' obligation to inform stakeholders about material developments.