HDFC Life Insurance Company Limited — Important, 13-03-2025: Updates

The Nomination & Remuneration Committee of HDFC Life has granted 167,000 stock options under the Employee Stock Option Scheme – 2022. Each option is convertible into one equity share with a face value of Rs 10, priced at Rs 632.

The vesting schedule varies by employee category. For those with over 12 months on payroll, 30% will vest after one year, 30% after two years, and 40% after three years. For employees with less than 12 months, 50% will vest after three years and the remaining 50% after four years. Options must be exercised within five years of respective vesting dates. This move is likely to boost employee retention and align incentives with shareholders.