Reimagining Growth with Resilience

Ethical Conduct & Governance Governance structure & Compensation Framework STANDARDS COMPLIANCE POLICIES REGULATIONS RULES Risk management and BCM strategy accept RISK MANAGEMENT reduce control О Corporate governance policy Commitment to ethical business practices о Includes Corporate structure and stakeholder management Board Diversity policy Board evaluation & independence o Five independent directors 'Fit and Proper' as per regulation transfer Enterprise risk management (ERM) framework 'Three Lines of Defense approach' Reviewed and approved by the Board mitigate avoid Risk oversight by Board of Directors Review in multiple management forums Information/Cyber Security Information/cyber security ISO 27001:2013 and ISMS assessment program; Data Privacy Policy ① Fraud risk management Values program; Disciplinary Panel for Malpractices; Fraud monitoring initiatives Business ethics and compliances 30% women as on 31st March, 2022 Performance Management System based on the principles of balanced scorecard О Remuneration policy Seeks to balance the fixed and incentive pay Disclosed in the annual report Corporate Governance Award Best Governed Company in listed segment: Large category at ICSI¹ National Awards for Excellence in Corporate Governance о Modes of Risk awareness Trainings, E- mailers, Seminars, Conferences, Quizzes and Special awareness¦ Drives Sensitivity analysis and stress testing Business Continuity Management (BCM)- Creation of a recovery plan for critical business activities 1. ICSI: Institute of Companies Secretaries of India 2. PRSH: Prevention and Redressal of Sexual Harassment 3. BRR: Business Responsibility Report 4. DEI: Diversity, Equity and Inclusion 144 5. AML: Anti Money Laundering STOP Code of Conduct Whistle blower Policy PRSH² BRR³ & Stewardship Code COMPLIANCE AA 8 Do Privacy Anti Bribery & Corruption Policy Human Rights & DEI4 AML5 Policy Actuarial Financial ESG HDFC Life

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