LIC Issues Corrigendum for Senior Management Personnel Disclosure Updates
LIC has issued a corrigendum to its senior management personnel disclosure, updating the detailed profiles of two key appointees - Smt. Lata Madampath as Executive Director (Personnel) and Mr. Gourab Chand as Executive Director (Chief Life Insurance Advisor). Both officials bring over three decades of experience across various operational areas within the corporation.
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Life Insurance Corporation of India has issued a corrigendum to its earlier disclosure regarding changes in Senior Management Personnel, updating the brief profiles of two key appointees. The corrigendum, filed under reference number LIC/SE/2026-27/05 dated April 08, 2026, provides revised information for officials appointed on April 06, 2026.
Corrigendum Details
The corporation has updated the profiles of two senior management personnel as part of its regulatory compliance under SEBI Listing Regulations:
| Official | Position | Reference Update |
|---|---|---|
| Smt. Lata Madampath | Executive Director (Personnel), Central Office, Mumbai | S. No. 6 profile revision |
| Mr. Gourab Chand | Executive Director (Chief Life Insurance Advisor), Central Office, Mumbai | S. No. 7 profile revision |
Updated Profile: Smt. Lata Madampath
Smt. Lata Madampath joined the Corporation in 1990 as an Assistant and subsequently got selected as a Direct Recruit Officer of 19th Batch in 1992. She holds a degree in Mathematics and is a Fellow of Insurance Institute of India. In her career spanning over 35 years, she has served in various capacities including Manager (Personnel & Industrial Relations), Manager (Claims), and Manager (New Business) at the Divisional level.
Her key assignments also include Secretary (Personnel & Industrial Relations), Zonal Vigilance Officer, and Regional Manager (Customer Relationship Management/Policy Servicing) in South Zone, Chennai. She also worked as Secretary at the Council for Insurance Ombudsman, Kochi. Prior to her current appointment, she was Regional Manager (Personnel & Industrial Relations), Western Zone.
Updated Profile: Mr. Gourab Chand
Mr. Gourab Chand joined the Corporation in 1992 as an Assistant Administrative Officer and holds a post graduate degree in Science. He served as Senior Divisional Manager of Asansol, Kolkata-Suburban and Howrah Divisions, and held various positions in Western Zone and Central Office. Prior to taking charge as Executive Director (Chief Life Insurance Advisor), he was Regional Manager (Pension & Group Schemes), Western Zone.
Regulatory Compliance
The corrigendum has been filed in continuation to the earlier disclosure dated April 06, 2026, ensuring complete transparency and compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The updated information is also available on the corporation's website at www.licindia.in .
Original Senior Management Appointments
The original disclosure announced the elevation of seven officials to Senior Management Personnel positions across critical areas including digital transformation, audit, human resources, and pension schemes. The appointments reflect the corporation's strategic focus on modernization and operational excellence, with key positions filled across digital initiatives, audit functions, human resource development, and pension scheme management.
Historical Stock Returns for LIC of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.04% | +6.35% | -3.51% | -11.23% | +1.10% | -9.35% |
How will LIC's focus on digital transformation and modernization under the new senior management impact its competitive position against private insurers?
What strategic initiatives might LIC pursue in the pension and group schemes segment given the specialized appointments in these areas?
Could these senior management changes signal LIC's preparation for expansion into new insurance products or geographic markets?
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