LIC of India re-designates Radha Chatterjee as Chief

LIC of India has re-designated Smt Radha Chatterjee as Chief (In-Charge) (Corporate Governance/Golden Jubilee Foundation) at its Central Office in Mumbai, effective June 09, 2026. Consequently, she now falls under the definition of Senior Management Personnel of the Corporation. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Smt Radha Chatterjee joined the Life Insurance Corporation of India in 1992 as an Assistant Administrative Officer. She is a B.Sc. (Physics) Graduate and a Fellow of the Insurance Institute of India. Her career spans 34 years in the Corporation, during which she has worked across the Southern Zone, Western Zone, Eastern Zone, East Central Zone and Central Office in diverse roles.

Prior to this re-designation, she served as Chief (Corporate Governance/Golden Jubilee Foundation/Regulatory Compliance) at the Central Office in Mumbai since 2024. She has also served as Senior Branch Manager (In-Charge) and Chief Manager (In-Charge) at Asansol, Pune and Kolkata, and headed Pension & Group Scheme Units at Pune and Kolkata. Her Central Office assignments include Regulatory Compliance, Corporate Governance and Subsidiaries Departments. She has been an Honorary Secretary of LIC Golden Jubilee Foundation since 2021.

Details of Re-designation

Particulars	Information
Reason for change	Re-designation of Smt Radha Chatterjee as Chief (In-Charge) (Corporate Governance/Golden Jubilee Foundation)
Date of Re-designation	June 09, 2026
Brief Profile	Joined LIC in 1992; B.Sc. (Physics) Graduate and Fellow of Insurance Institute of India; 34 years of service across various zones and roles.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.69%	-2.41%	-1.96%	-8.45%	-17.00%	-10.15%

LIC of India reported first-year premium collections of Rs 190 billion in May, marking a year-over-year increase of 3.46%. The figure reflects the insurer's continued ability to generate new business, with first-year premiums serving as a key indicator of fresh policy underwriting activity.

First-Year Premium Performance

The following table summarises LIC's first-year premium performance for May as reported:

Metric:	Details
First-Year Premium (May):	Rs 190 billion
Year-Over-Year Change:	+3.46%

First-year premiums represent the initial premium payments collected from new policyholders, making them a critical measure of new business generation for life insurers. A 3.46% year-over-year rise indicates that LIC continued to expand its new policy base during the reported month.

Significance of the Metric

As India's largest life insurer by market share, LIC's first-year premium data is closely tracked by market participants as a barometer of the broader life insurance sector's growth trajectory. The reported Rs 190 billion in May first-year premiums reflects the scale at which the corporation continues to operate across its extensive distribution network.