ALFA Filings
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Life Insurance Corporation of India announced the voluntary retirement of Shri Dinesh Pant as Managing Director. He ceased to be a Key Managerial Personnel on September 24, 2026.
Life Insurance Corporation of India is launching two new individual insurance products, LIC’s Bima Platinum and LIC’s Jeevan Raksha. Both products will be available for sale from September 7, 2026.
Life Insurance Corporation of India announced the superannuation of Shri Sesha Giridhar Kuppili. He served as Executive Director (Pension & Group Schemes) until August 31, 2026.
LIC has subscribed to Non-convertible Debentures (NCDs) of Bajaj Finance Limited. This investment in debt securities totals Rs. 5,000 Crore.
Life Insurance Corporation of India filed its post-Offer for Sale (OFS) shareholding pattern. The promoter, President of India, now holds a 90% stake in the Corporation.
Shri Madhu V. S. has been re-designated as Additional Director, Management Development Centre, Mumbai. He is now classified as Senior Management Personnel.
LIC reported Q1 FY27 PAT growth of 22.81% YoY and a significant VNB margin expansion to 22.9%. Management is pivoting toward high-margin non-par products and digital transformation via DIVE initiative.
The President of India (Promoter) sold LIC equity shares through an Offer for Sale (OFS) valued at approximately ₹31,552.34 Crore.
LIC is launching a new insurance product, 'LIC's New Bima Jyoti', effective August 10, 2026, for the domestic market.