New Delhi: Life Insurance Corporation of India (LIC) has formally announced the superannuation of three senior management officials, effective March 31, 2026. The disclosure was made to the BSE Limited and National Stock Exchange of India under Regulation 30 of SEBI’s Listing Regulations. The officials will be relieved from their duties at the close of business hours on March 30, 2026.
Officials Set to Retire
The senior management personnel retiring from LIC include:
- Subhash Chander – Director, Zonal Training Centre, Agra
- Geeta Prabhakaran – Executive Director (Subsidiaries), Mumbai
- Chilaka Venkata Ramana – Executive Director (New Business & Reinsurance/Health Insurance), Mumbai
These leaders have played key roles in training, subsidiary management, and reinsurance/health insurance operations.
Read also: LIC Extends CFO Sunil Agarwal’s Tenure Until March 2027 to Ensure Financial Continuity
Leadership Transition at LIC
The retirements mark a routine leadership transition within LIC’s senior management, reflecting the corporation’s focus on governance and succession planning. The announcement ensures a structured approach to leadership changes while maintaining operational continuity.
Regulatory Compliance and Public Disclosure
The notification was signed by Anshul Kumar Singh, Company Secretary and Compliance Officer of LIC, and has been made available on the official LIC website for public record. This disclosure ensures compliance with SEBI’s Listing Regulations and keeps stakeholders informed about significant management changes.
About Life Insurance Corporation of India (LIC)
Life Insurance Corporation of India (LIC), a state-owned public sector undertaking, is the largest life insurer in the country. Established under the Life Insurance Corporation Act of 1956, LIC provides life insurance coverage, pension plans, and investment management services to millions of policyholders across India. The corporation has been instrumental in mobilizing savings, supporting social welfare initiatives, and contributing to the growth of the Indian economy through responsible financial management and strategic investments.
Read also: LIC Q3 FY26 Profit Rises 17% YoY to ₹12,958 Crore; Premium Income and Solvency Remain Strong
