LIC appoints Jayasimhan Tirumala as Chief Compliance Officer

Life Insurance Corporation of India has appointed Shri Jayasimhan Madabhushi Matam Tirumala as Chief Compliance Officer and Key Managerial Personnel, effective June 24, 2026. The appointment is subject to the approval of the Insurance Regulatory & Development Authority of India (IRDAI). The Board of Directors approved the appointment during a meeting held on June 24, 2026, on the recommendation of the Nomination and Remuneration Committee.

Consequently, Shri Tirumala has been re-designated as Executive Director (Board & Secretarial/Regulatory Compliance) & Chief Compliance Officer of the Corporation. The term of the appointment extends until the date of his superannuation or until further orders, whichever is earlier. The Board meeting commenced at 11.45 a.m. and concluded at 2:50 p.m. on June 24, 2026.

Profile of the Appointee

Shri Jayasimhan Madabhushi Matam Tirumala joined lic of india in 1992 as an Assistant Administrative Officer. He holds a Bachelor's Degree in Science from S.V. University, Tirupati, a Post Graduate Diploma in Industrial Relations & Personnel Management, and is a Fellow of the Insurance Institute of India.

Prior to his current role, he served as Executive Director (Board & Secretarial/Regulatory Compliance). He has also held positions including Senior Divisional Manager for the Machilipatnam and Shimoga divisions, Secretary (Marketing) and Secretary (Pension & Group Schemes) in the South Central Zone, and Regional Manager (Marketing – Chief Life Insurance Advisor) for Karnataka.

Appointment Details

Particulars	Information
Reason for change	Appointment as Chief Compliance Officer, Key Managerial Personnel
Date of Appointment	June 24, 2026
Term of appointment	Until the date of Superannuation or till further order whichever is earlier
Disclosure of relationships	Not Applicable

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.32%	+1.70%	+4.62%	-0.40%	-10.06%	-2.83%

Life Insurance Corporation of India has accepted the resignation of its Chief Financial Officer, Sunil Agrawal, effective July 14, 2026. The executive stepped down to pursue better prospects, marking a key leadership change at the state-owned insurer.

Resignation Details

Sunil Agrawal submitted his resignation via a letter dated June 24, 2026. He will cease to be the Chief Financial Officer and Key Managerial Personnel of the Corporation at the close of business hours on July 14, 2026. The Corporation acknowledged his valuable contributions and wished him success in his future endeavours.

Parameter	Details
Executive	Sunil Agrawal
Designation	Chief Financial Officer (CFO)
Date of Resignation	June 24, 2026
Effective Date of Cessation	July 14, 2026
Reason	To pursue better prospects

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.