LIC of India has announced the appointment of Mr. Pankaj Kumar Saxena as Executive Director (Alternate Channel) at Central Office, effective April 10, 2026. The appointment was disclosed to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as Saxena has been designated as Senior Management Personnel of the Corporation.

Leadership Transition Details

The appointment represents a significant leadership transition within LIC's senior management structure. Saxena moves from his previous role as Managing Director & Chief Executive Officer of LIC Pension Fund Limited to take charge of alternate channel operations at the Central Office.

Professional Background and Experience

Mr. Saxena brings over 35 years of extensive experience within the LIC ecosystem, having joined the Corporation in 1990 as an Assistant Administrative Officer. He holds a post graduate degree in Mathematics and a Post Graduate Diploma in Marketing Management, providing him with strong analytical and business development capabilities.

Throughout his career spanning more than three decades, Saxena has served in diverse roles across both administrative and marketing wings. His experience covers various geographical zones including North Central Zone, Northern Zone, and Central Zone, giving him comprehensive understanding of LIC's operations across different markets.

Marketing Leadership Experience

Saxena's marketing expertise was developed over a 27-year tenure in the marketing division, where he held several key leadership positions. His progressive career in marketing included roles as Manager (Sales), Chief Manager, and Senior Divisional Manager for Allahabad and Dehradun Divisions. He also served as Regional Manager (Marketing) for North Central Zone based in Kanpur, demonstrating his ability to manage large-scale operations and drive business growth.

Regulatory Compliance

The appointment disclosure was made pursuant to Regulation 30 of the Listing Regulations, with detailed information provided to both BSE Limited and National Stock Exchange of India Limited. The Corporation has also made this information available on its official website at www.licindia.in , ensuring transparency and compliance with regulatory requirements.

This senior management appointment reflects LIC's continued focus on strengthening its leadership team with experienced professionals who have deep understanding of the organization's operations and strategic objectives.

Life Insurance Corporation of India has announced the elevation of Mr. Diwakar Mohan Mittal to Additional Executive Director (Customer Relationship Management/Claims/Annuities) at Central Office, effective April 10, 2026. This appointment was disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Latest Senior Management Appointment

The corporation has elevated Mr. Diwakar Mohan Mittal from his previous role as Chief (Customer Relationship Management/Claims/Annuities) to Additional Executive Director at Central Office. The appointment represents an internal promotion based on career progression within the organization.

Professional Background and Experience

Mr. Diwakar Mohan Mittal brings over three decades of experience to his new role. He joined the corporation in 1992 as an Assistant Administrative Officer. A Science graduate with a Post Graduate Diploma in Business Administration, he is also a Fellow of the Insurance Institute of India.

Throughout his career spanning more than 30 years, he has served in diverse administrative and marketing roles across Northern Zone, North Central Zone, and Western Zone, as well as at the Central Office. His leadership experience includes positions as Branch Manager, Senior Branch Manager, Chief Manager, and Business Development Manager (Bancassurance).

Key Leadership Positions

Mr. Mittal has held several significant roles including Marketing Manager of Aurangabad Division, Senior Divisional Manager of Gorakhpur and Rohtak Divisions, Regional Manager (Bancassurance) for North Central Zone, and Faculty Member at the Zonal Training Centre, Gurugram. Prior to his current elevation, he served as Chief (Customer Relationship Management/Claims/Annuities) at Central Office.

Previous Senior Management Appointments

This appointment follows the corporation's earlier elevation of five officials to Senior Management Personnel positions on April 08, 2026. Those appointments included Mr. Ashok Kumar as Additional Director at Zonal Training Centre, Gurugram, Mr. Ashutosh Kumar as Zonal Manager for Eastern Zone, Kolkata, Mr. Ganesh Kinkar Jena as Executive Director (New Business & Re-insurance/Health Insurance) at Central Office, Mumbai, Mr. M. Ravikumar as Additional Director at Zonal Training Centre, Hyderabad, and Mr. Narvir Singh Raghava as Additional Zonal Manager for Northern Zone, New Delhi.

Regulatory Compliance

The appointment was formally communicated to BSE Limited (Scrip Code: 543526) and National Stock Exchange of India Limited (Scrip Code: LICI) as required under listing regulations. The disclosure includes comprehensive details of the appointee's background, career progression, and appointment rationale, ensuring compliance with SEBI regulations and maintaining transparency in corporate governance.