HDFC Life Insurance, in an exchange filing on Thursday, said the company chairman Deepak S Parekh has stepped down from his role. Following Parekh's resignation, the company has appointed Keki M Mistry as its new chairman.

"The Board has unanimously approved the appointment of Mr Keki M Mistry as the Chairman of the Board with immediate effect subject to approval of Insurance Regulatory and Development Authority," the statement from the company read.

Mistry has been associated with the company since December 2000 and is currently acting as Non-Executive Director. He is a qualified Chartered Accountant and a fellow member of the Institute of Chartered Accountants of India. Mistry was the Vice Chairman & CEO of Housing Development Finance Corporation (HDFC) Limited.

"With the amalgamation of HDFC Limited with HDFC Bank, Mr Mistry superannuated from HDFC Limited and has been appointed as a Non-Executive Director on the Board of HDFC Bank Limited. He is also a Director on the Boards of several other prominent companies," the exchange filing stated.