NEW DELHI – The Life Insurance Corporation of India (LIC) has formally notified stock exchanges of the superannuation of three senior management officials, effective March 31, 2026. In a regulatory filing under SEBI’s Listing Regulations, the corporation confirmed that the officials will be relieved of their duties at the close of business today, March 30, 2026.
The transition is part of LIC’s ongoing succession planning as it manages its massive operational network across India.
Retiring Senior Management Personnel
The officials stepping down from their respective roles include:
-
Geeta Prabhakaran: Executive Director (Subsidiaries), Mumbai.
-
Chilaka Venkata Ramana: Executive Director (New Business & Reinsurance / Health Insurance), Mumbai.
-
Subhash Chander: Director, Zonal Training Centre (ZTC), Agra.
Regulatory and Governance Context
The disclosure was signed by Anshul Kumar Singh, LIC’s Company Secretary and Compliance Officer. As a listed entity, LIC is mandated to report changes in senior management to the BSE and the National Stock Exchange (NSE) to ensure transparency for shareholders.
These retirements come at a time when the insurance giant is focusing on digital transformation and expanding its footprint in the health insurance segment, areas previously overseen by the outgoing Executive Directors.
