LIC Announces Key Leadership Changes with Multiple Executive Director Appointments

LIC Announces Key Leadership Changes with Multiple Executive Director Appointments​

Life Insurance Corporation of India announced significant changes in its senior management personnel, with several officers being elevated to hold key executive roles in the Corporation. The appointments are effective as of April 06, 2026.

The Corporation provided details on seven officers whose designations have been updated. The changes reflect internal promotions and role adjustments across various central and zonal offices.

A summary of the personnel changes includes:

Details on Key Appointments​

The appointments of Mr. Mithilesh Kumar and Ms. Poornima Gaitonde were noted for their specific profiles. Mr. Mithilesh Kumar, who joined the Corporation in 1990 as an Assistant Administrative Officer and is a fellow of Insurance Institute of India, has extensive experience in administrative and marketing areas. Before his current role, he served as Chief (Customer Relationship Manager/Policy Servicing), Central Office.

Ms. Poornima Gaitonde joined the Corporation in 1992 as an Assistant Administrative Officer and holds a post graduate degree in HRD Management. She was previously Chief (Customer Relationship Manager/Policy Servicing) before taking charge as Executive Director (Audit) on April 06, 2026.

For Mr. Subbiah Saravana Ramesh, the elevation to Zonal Manager, South Central Zone, Hyderabad, follows his tenure as Regional Manager (Personnel & Industrial Relations), South Central Zone. Mr. Subbiah Saravana Ramesh joined the Corporation in 1992 as an Assistant Administrative Officer and has a background including roles at the Senior Divisional Manager level in various divisions.

The appointment of Ms. Girija Sukumaran to Executive Director (Human Resource Development and Training), Central Office, Mumbai, recognizes her background starting in 1992 as an Assistant Administrative Officer. She has worked across both administrative and marketing capacities and previously served as Regional Manager (Customer Relationship Manager/Claims/Annuities), Western Zone, Mumbai.

Mr. Sunder Raj, who joined the Corporation in 1992 as an Assistant Administrative Officer, has vast experience spanning over 35 years in Administration and Marketing. He was appointed as Additional Executive Director (Pension & Group Schemes), Central Office, Mumbai, succeeding his role as Chief (Pension & Group Schemes), Central Office, Mumbai.

Ms. Lata Madampath, who joined the Corporation in 1992 with a degree in Mathematics, was appointed as Executive Director (Personnel), Central Office, Mumbai. Her career includes working as Zonal Vigilance Officer, South Zone, and her previous role was Regional Manager (Personnel & Industrial Relations), Western Zone, Mumbai.

Finally, Mr. Gourab Chand was appointed as Executive Director (Chief Life Insurance Advisor), Central Office, Mumbai. Having joined in 1992 as an Assistant Administrative Officer, he previously served as Regional Manager (Pension & Group Schemes), Western Zone, Mumbai.

LICI Stock Price Movement​

At the close of trade, shares of Life Insurance Corporation Of India are edging higher by 1.63% to settle at ₹746.8. The stock navigated an intraday range between ₹727.4 and ₹747 while handling robust trading activity, with over 1 million shares turning over.

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