LIC Announces Additional Executive Director Appointment Under Regulation 30
Life Insurance Corporation of India has appointed Mr. Diwakar Mohan Mittal as Additional Executive Director for Customer Relationship Management/Claims/Annuities at Central Office, effective April 10, 2026. The appointment represents an internal promotion from his previous role as Chief in the same department, with Mr. Mittal bringing over three decades of experience across various administrative and marketing roles within the corporation.
*this image is generated using AI for illustrative purposes only.
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.
| Parameter: | Details |
|---|---|
| Name: | Mr. Diwakar Mohan Mittal |
| Previous Position: | Chief (Customer Relationship Management/Claims/Annuities), Central Office |
| New Designation: | Additional Executive Director (Customer Relationship Management/Claims/Annuities), Central Office |
| Effective Date: | April 10, 2026 |
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.
Historical Stock Returns for LIC of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.62% | +8.64% | -0.88% | -10.82% | +3.99% | -8.79% |
How will Mr. Mittal's extensive bancassurance experience influence LIC's digital transformation and customer service strategy in the evolving insurance landscape?
What impact could this leadership restructuring have on LIC's market share and competitive positioning against private insurers in the claims processing segment?
Will these recent senior management appointments signal a shift in LIC's approach to product innovation, particularly in annuities and health insurance offerings?
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