Life Insurance Corporation of India Chief Financial Officer Resigns to Pursue New Prospects
Life Insurance Corporation of India (LIC) has announced that Shri Sunil Agrawal, who serves as a Key Managerial Personnel and Chief Financial Officer, has resigned from his position at the corporation.The resignation was submitted by Mr. Agrawal on June 24, 2026, stating that he is resigning to pursue better prospects. His departure will be effective from the close of business hours on July 14, 2026, at which point he will cease to hold the post of Chief Financial Officer and Key Managerial Personnel of the corporation.
The company provided specific details regarding this change in personnel, noting that Mr. Agrawal's resignation is due to pursuing better career opportunities.
Key details regarding the transition are as follows:
| Particulars | Details |
|---|---|
| Name | Shri Sunil Agrawal |
| Position | Chief Financial Officer and Key Managerial Personnel |
| Reason for Change | Resignation to pursue better prospects |
| Resignation Date | June 24, 2026 |
| Cessation Date | July 14, 2026 |
The corporation expressed its sincere appreciation for his valuable contributions during his tenure and wished him the very best in all of his future endeavors.
LICI Stock Price Movement
LIC shares shed 0.65% in a post-market session, finishing today at ₹436.6. The company traded within an intraday range of ₹433.45 to ₹442.55, with a total volume of 6.12 million shares recorded for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.