Debakanta Padhi Appointed Additional Executive Director at Life Insurance Corporation of India
Life Insurance Corporation of India (LIC) announced the elevation of Mr. Debakanta Padhi to the position of Additional Executive Director (Senior Business Associates/LIC Associates/Re-Investment) effective April 17, 2026. The appointment marks his progression within the Corporation's senior leadership structure.Mr. Padhi previously served as General Manager at LIC Housing Finance Limited, an associate of the Corporation, before assuming his current directorial role.
The announcement provides a detailed profile of Mr. Padhi, highlighting his extensive experience with LIC. He initially joined the Corporation in the year 1992 as an Assistant Administrative Officer. He holds a Graduate degree in Veterinary Science & Animal Husbandry and is also a Fellow of the Insurance Institute of India.
Throughout his career spanning over three decades with LIC, Mr. Padhi has accrued deep experience in both administrative and marketing functions. His assignments covered various offices across the Central Zone, East Central Zone, and Eastern Zone. He brings over 19 years of experience in life insurance marketing, holding leadership roles in both Branches and Divisions.
Previously, his leadership roles included serving as Senior Divisional Manager of the Kharagpur Division and the Kolkata Metropolitan Division - II. In addition to his zonal and divisional experience, Mr. Padhi has also successfully headed the Bancassurance & Alternate Channels and Micro Insurance verticals at both the Divisional and Zonal levels.
The details of the appointment are summarized below:
| Particulars | Detail |
|---|---|
| Name | Mr. Debakanta Padhi |
| New Designation | Additional Executive Director (Senior Business Associates/LIC Associates/Re-Investment) |
| Previous Role | General Manager, LIC Housing Finance Limited |
| Effective Date | April 17, 2026 |
| Initial Employment | Joined LIC in 1992 as Assistant Administrative Officer |
| Key Experience Areas | Life insurance marketing, Bancassurance & Alternate Channels, Micro Insurance |
LICI Stock Price Movement
Today, Life Insurance Corporation Of India shares edged higher to close at ₹842.2, gaining 0.14% in after-hours trading. The stock saw notable institutional interest today, with total traded volume reaching 1.34 million shares.Source:
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