<h1>HDFC Life Wins Silver Shield for Excellence in Financial Reporting at ICAI Awards 2023-24, Recognized for Transparency</h1> HDFC Life has been awarded the Silver Shield in Category-III for Life Insurance at the ICAI Awards for Excellence in Financial Reporting 2023-24. The award was presented by a Union Minister at a ceremony in New Delhi. Organized by the Institute of Chartered Accountants of India, these awards recognize companies for outstanding financial reporting. HDFC Life is the only life insurer recognized this year, highlighting its adherence to Indian Accounting Standards and commitment to transparency and good governance. The company boasts a 99.5% claim settlement ratio for FY24, reflecting its commitment to policyholders.