News ArticleLIC Announces Superannuation of Four Senior Management Officials Effective October 31, 2026
Executives including Executive Directors and Zonal Manager to conclude service as of October 30, 2026
Life Insurance Corporation of India (LIC) disclosed the superannuation of four senior management personnel effective October 31, 2026. The officials will be relieved from their duties on October 30, 2026, marking notable changes in LIC's senior leadership team.
Life Insurance Corporation of India
Change in Management
Life Insurance Corporation of India (LIC) recently informed exchanges about the superannuation of four key senior management officers effective October 31, 2026.
The four officials retiring include Executive Directors Faisal Aijaz Siddiqui, Salil Vishwanath, Shubhashish Dasgupta, and Zonal Manager Pan Singh Negi.
Their responsibilities range across senior business, re-investment, right to information, office services, human resource management, and zonal management at LIC's Central Office in Mumbai and Zonal Office in Kanpur.
The officials’ last working day is October 30, 2026, after which they will be relieved from their duties.
This announcement was filed under Regulation 30 of SEBI's Listing Regulations, with LIC also placing the information on their official website.
Highlights
- Four senior management personnel of LIC to superannuate effective October 31, 2026.
- Last working day for the officials is October 30, 2026.
- Officials include three Executive Directors based in Mumbai and one Zonal Manager in Kanpur.
- Superannuations cover critical functions including business, reinvestment, human resources, and RTI.
- Information disclosed under SEBI Listing Regulations and posted on LIC’s official site.
Key Data Snapshot
What happened
- Life Insurance Corporation of India announced the superannuation of four senior management personnel.
- The officials will cease their duties effective October 31, 2026, with the last working day on October 30, 2026.
Key details
- Officials retiring are Executive Director Faisal Aijaz Siddiqui (Senior Business Associate/Re-Investment), Executive Director Salil Vishwanath (Right To Information), Zonal Manager Pan Singh Negi, and Executive Director Shubhashish Dasgupta (Office Services/Human Resource Management System).
- Three executives are located at LIC's Central Office, Mumbai; the Zonal Manager is based at the Kanpur Zonal Office.
- Disclosure is made pursuant to Regulation 30 of SEBI Listing Regulations.
Regulatory and governance context
- The announcement complies with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
- LIC posted a copy of this intimation on its official website www.licindia.in for public disclosure.
Highlights
- Four senior management personnel of LIC to superannuate effective October 31, 2026.
- Last working day for the officials is October 30, 2026.
- Officials include three Executive Directors based in Mumbai and one Zonal Manager in Kanpur.
- Superannuations cover critical functions including business, reinvestment, human resources, and RTI.
- Information disclosed under SEBI Listing Regulations and posted on LIC’s official site.
Disclosures
- SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
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