Mumbai: Life Insurance Corporation of India (LIC) has announced a major leadership reshuffle, elevating seven officials to Senior Management Personnel (SMP) positions across critical functions including digital transformation, audit, human resources, and pension schemes. The changes came into effect on April 6, 2026, and were disclosed to the BSE Limited and National Stock Exchange of India.
Key Leadership Appointments Across Functions
As part of its strategic restructuring, LIC has appointed experienced officials to key roles:
- Mithilesh Kumar – Additional Executive Director (Digital Initiatives & Transformation)
- Poornima Gaitonde – Executive Director (Audit)
- Subbiah Saravana Ramesh – Zonal Manager, South Central Zone (Hyderabad)
- Girija Sukumaran – Executive Director (HR Development & Training)
- Sunder Raj – Additional Executive Director (Pension & Group Schemes)
- Lata Madampath – Executive Director (Personnel)
- Gourab Chand – Executive Director (Chief Life Insurance Advisor)
Read also: LIC Extends CFO Sunil Agarwal’s Tenure Until March 2027 to Ensure Financial Continuity
Digital Transformation Gets a Boost
In a significant move, Mithilesh Kumar will lead LIC’s digital initiatives and transformation efforts. With decades of experience in IT systems development, administration, and marketing, his appointment signals LIC’s continued push toward modernization and enhanced customer experience.
Strengthening Audit and Governance
Poornima Gaitonde takes charge of the audit function, bringing over three decades of experience across LIC’s branch, divisional, zonal, and central offices. Her expertise is expected to further strengthen internal controls and governance standards.
Focus on Regional and Operational Leadership
Subbiah Saravana Ramesh’s appointment as Zonal Manager for the South Central Zone highlights LIC’s emphasis on regional performance. His extensive experience across multiple divisions and marketing roles positions him well to drive growth in the region.
HR, Training, and Personnel Get Experienced Leaders
Girija Sukumaran and Lata Madampath will lead HR development, training, and personnel functions, ensuring strong workforce management and talent development. Both bring over 30 years of experience in administrative and operational roles.
Pension and Advisory Segments Strengthened
Sunder Raj will oversee Pension & Group Schemes, a crucial segment for LIC’s long-term business, while Gourab Chand takes on the role of Chief Life Insurance Advisor, strengthening LIC’s advisory and distribution network.
Strategic Continuity Through Internal Promotions
Most of the newly appointed leaders joined LIC in the early 1990s as Assistant Administrative Officers. Their elevation reflects LIC’s strategy of promoting seasoned professionals with deep institutional knowledge, ensuring continuity and stability across operations.
Regulatory Compliance
LIC confirmed that the appointments were disclosed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, ensuring transparency and adherence to corporate governance norms.
About LIC
Life Insurance Corporation of India is India’s largest life insurance company and a state-owned financial institution. Headquartered in Mumbai, LIC plays a pivotal role in the country’s insurance and investment landscape, offering a wide range of life insurance, pension, and investment products while managing one of the largest asset bases in India.
Read also: LIC Q3 FY26 Profit Rises 17% YoY to ₹12,958 Crore; Premium Income and Solvency Remain Strong
