HDFC Life Insurance Company has approved the re-appointment of Niraj Shah as Executive Director and Chief Financial Officer (ED & CFO) for a fresh term of five years, reinforcing leadership continuity at the top level.
The decision was taken by the company’s Board of Directors following the recommendation of the Nomination and Remuneration Committee. Niraj Shah’s current tenure is set to conclude on April 25, 2026, and the renewed term will commence from April 26, 2026. The re-appointment remains subject to approval from shareholders at the upcoming Annual General Meeting, along with regulatory clearance from the Insurance Regulatory and Development Authority of India (IRDAI).
HDFC Life also confirmed that Niraj Shah has not been debarred from holding the office of Director by any order of SEBI or any other regulatory authority, ensuring full compliance with governance norms.
Niraj Shah has been associated with HDFC Life since February 2019 and currently oversees key verticals including finance, product development, and process excellence. His role involves driving strategic initiatives across financial management, product innovation, and operational efficiency, all of which are critical to the company’s long-term growth trajectory.
With over two decades of experience in the financial services sector, Shah brings deep expertise spanning life insurance, corporate finance advisory, and audit. Before joining HDFC Life, he held leadership roles at major organisations such as PNB MetLife and ICICI Prudential Life Insurance, and has also worked with global firms like EY and BNP Paribas.
Academically, he is a member of the Institute of Chartered Accountants of India and holds a Post Graduate Diploma in Management from the Indian Institute of Management Bangalore.