Life Insurance Corporation of India Management Change
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.
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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.
LIC reported Q1 FY27 PAT of INR 13,492 Cr, up 22.81% YoY. Total Premium Income grew 6.75% to INR 1.27 Lakh Cr.
Life Insurance Corporation of India reported revenue from operations of ₹127,623 Cr (+6.7% YoY) and net profit of ₹13,584 Cr (+24.0% YoY) for Q1 FY27.
The President of India, as promoter, has announced an Offer for Sale (OFS) for shares of Life Insurance Corporation of India. The offer opens August 4.
LIC received a GST demand order of ₹190.48 Crore (inclusive of penalty) from the Commissioner Appeals CGST & Central Excise, Allahabad for Uttar Pradesh.
The Commissioner of CGST & Central Excise, Allahabad, imposed a penalty of Rs 95.24 Crore on LIC for excess ITC claims. The company will appeal.
LIC received a ₹9.91 Crore GST penalty for premature input tax credit availment. The company intends to file an appeal against the order.
LIC received a GST demand order for ₹99.10 Crore in principal and ₹9.91 Crore in penalties from Jharkhand tax authorities regarding input tax credit claims.
LIC has scheduled a board meeting for August 6, 2026. The meeting will consider and approve unaudited financial results for the quarter ended June 30, 2026.
LIC has appointed Shri Shatmanyu Shrivastava as Chief Financial Officer and Shri Varadarajan Muthuvenkataraman as Chief Risk Officer. Both appointments are effective July 28, 2026.
LIC held its 5th Annual General Meeting on July 27, 2026. The meeting discussed seven business items including a final dividend declaration of ₹10 per share.
Prof. Anil Kumar has ceased to be an Independent Director of Life Insurance Corporation of India following the completion of his term on July 19, 2026.