LIC Announces Superannuation of Two Senior Management Officials
New Delhi: State-owned Life Insurance Corporation of India (LIC) has informed the stock exchanges about the superannuation of two senior management officials, effective January 31, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In a regulatory filing dated January 30, 2026, LIC stated that the officials will be relieved from their duties at the close of office hours on January 30, 2026, which marks the last working day of the month.
Officials Superannuating from LIC
According to the disclosure, the following senior management personnel will retire upon attaining the age of superannuation:
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Smt. Chandra Narasimhan, Director, Zonal Training Centre, Chennai
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Shri Pratap Chandra Paikray, Executive Director (CLIA), Mumbai
The corporation clarified that both officials held positions classified as Senior Management Personnel under the Listing Regulations.
Regulatory Compliance and Disclosure
LIC said the disclosure has been made to ensure transparency and compliance with statutory requirements. The intimation has been submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
The filing bears BSE Scrip Code: 543526 and NSE Symbol: LICI.
Availability on LIC Website
The insurer further informed that a copy of the disclosure has been uploaded on its official website, www.licindia.in, for public access.
The announcement was signed by Anshul Kumar Singh, Company Secretary and Compliance Officer of LIC.
Market Context
Leadership changes due to superannuation are routine in public sector undertakings and are not expected to have any immediate impact on LIC’s operations or financial performance.