LIC of India , the country's largest insurer, has announced a significant change in its board composition. Ms. Shalini Pandit has been appointed as the new Government Nominee Director, effective December 03, 2025, replacing Dr. Parshant Kumar Goyal.

Key Highlights

• Appointment Date: December 03, 2025
• New Appointee: Ms. Shalini Pandit
• Previous Director: Dr. Parshant Kumar Goyal
• Position: Government Nominee Director
• Appointing Authority: Central Government

Background of the Appointment

The Central Government, exercising its powers under section 4(2)(d) of the Life Insurance Corporation Act, 1956, made this appointment through an official notification. Ms. Pandit, who currently serves as Joint Secretary in the Department of Financial Services, Ministry of Finance, will hold this position until further orders.

About Shalini Pandit

Ms. Shalini Pandit brings a wealth of experience to her new role:

• Current Position: Joint Secretary, Department of Financial Services, Ministry of Finance
• Service: Indian Administrative Service (IAS) officer of the Odisha cadre
• Previous Roles:
  • Secretary for School & Mass Education Department, Odisha
  • Secretary for Health & Family Welfare Department, Odisha
  • Mission Director, National Health Mission
  • Labour Commissioner, Odisha
  • District Collector for several districts

Educational Background

Ms. Pandit's appointment comes at a time when LIC continues to maintain a strong financial position. As of March 2025, LIC reported total assets of ₹5,611,589.00 crore, marking a 6.84% increase from the previous year. This appointment aligns with the corporation's ongoing efforts to strengthen its governance and strategic direction.

The change in directorship is expected to bring fresh perspectives to LIC's board, potentially influencing the corporation's policies and strategies in the coming years. Stakeholders will be keen to observe how this transition might impact LIC's operations and its role in India's insurance and financial landscape.

LIC's commitment to transparent governance is evident in its prompt disclosure of this significant board-level change, adhering to the regulatory requirements set by the Securities and Exchange Board of India (SEBI).

As LIC continues to evolve and adapt to the changing financial environment, the appointment of Ms. Shalini Pandit as the Government Nominee Director will be closely watched by industry observers and stakeholders alike.

LIC of India , the country's largest insurer, has announced a significant leadership change in its investment operations. Effective December 05, 2025, Shri Arindam DasGupta has been re-designated as Executive Director (Investment-Front Office) Chief Investment Officer, marking a strategic move in the corporation's top management.

Key Points of the Appointment

• New Role: Executive Director (Investment-Front Office) Chief Investment Officer
• Previous Position: Executive Director (Investment-Front Office)
• Effective Date: December 05, 2025
• Status: Key Managerial Personnel of LIC

This re-designation elevates DasGupta to a crucial position within LIC's investment arm, potentially signaling a renewed focus on the corporation's investment strategies and operations.

Implications for LIC's Investment Operations

The appointment of DasGupta as Chief Investment Officer comes at a time when LIC's investment portfolio has shown significant growth. Based on the latest available financial data:

The growth in LIC's investment portfolio underscores the importance of the Chief Investment Officer role in managing and strategizing the corporation's vast financial assets.

LIC's Financial Position

To provide context for the significance of this appointment, here's a snapshot of LIC's current financial standing:

The substantial growth in total equity and reserves indicates LIC's strong financial position, which DasGupta will be responsible for maintaining and enhancing in his new role.

This strategic re-designation reflects LIC's commitment to strengthening its investment leadership, which is crucial for the corporation's continued growth and stability in India's dynamic insurance and investment landscape.