HDFC Standard Life Insurance Co., Ltd. which is currently in merger talks with Max Life Insurance Company Limited, is open for revisiting the structure of the deal, which may revive hopes of an initial public offering (IPO) of the merged entity to gain regulatory approval, which is awaited for more than nine months after the merger plans was unveiled. “We are open to another structure,“ Keki Mistry, Chief Executive Officer, HDFC said, adding that the current structure makes much more sense. “We will have to relook at the complete structure and see merger directly between HDFC Life and Max Life. The (proposed) structure was suggested because by doing so, HDFC Life gets listed by merging with Max Financial Services.“