T.C. Suseel Kumar appointed as Additional Independent Director of LIC Housing Finance Ltd

LIC Housing Finance Ltd has appointed Shri T.C. Suseel Kumar as Additional Independent Director on Board for five years.

As per the recommendations of the Nomination & Remuneration Committee, the Board of Directors, has approved the appointment of Shri T.C. Suseel Kumar as an Additional Director in the category of Non- Executive, Independent Director of the Company for a first term of five consecutive years commencing from 2nd June, 2025, subject to approval of shareholders of the Company to be obtained within three months hereof.

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Mr. T.C. Suseel Kumar retired as the Managing Director of Life Insurance Corporation of India (UC) in January 2021. During his career spanning Close to 4 decades, Mr. Kumar held various distinguished positions in UC, in India and abroad. Other than holding senior positions of Managing Director, Executive Director, and Zonal Manager, Mr. Kumar has had the distinction of managing all major departments of UC including Marketing, CRM, HR, Finance, Audit, Corporate Governance and Investments, besides heading the foreign operations of UC in Mauritius.

With a deep knowledge of analytics and interpretation of data, Mr. Kumar authored the business strategies of UC, aligning the short- and long-term goals to regain market share. During his stewardship in Marketing, UC crossed many a milestone with an all-time high First Year Premium Income and consolidated its market leadership with appreciable growth.

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He also pioneered the market research program to target millennials for both new business and agency recruitment. UC, after over a decade, could add more than 1100,000 new Agents during the year 2020-21. With his rich experience and expertise in the field of insurance and finance, Mr. Kumar has held positions on the Board of many important companies including, Life Insurance Corporation of India and its various Indian and Overseas subsidiaries, Axis Bank Limited, Bombay Stock Exchange Limited, Lakshmi Machine Works and National Mutual Fund (Mauritius).

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