Prof. Anil Kumar Ceases Role as Independent Director at Life Insurance Corporation of India
Life Insurance Corporation of India (LIC) announced that Prof. Anil Kumar has ceased holding the position of Independent Director of the Corporation following the completion of his term on July 19, 2026.
Following this cessation, Prof. Kumar also ceases to be a chairperson or member of several key committees within LIC. The change pertains only to the statutory nature of the role and not related to any specific action taken by the company.
The committees where Prof. Anil Kumar held positions prior to his departure include governance bodies focused on executive oversight, risk management, stakeholder relations, and financial integrity.
| Name of Committee | Role Status |
|---|---|
| Executive Committee | Member |
| ESG (Environment, Social & Governance) Committee | Member |
| Nomination and Remuneration Committee | Chairperson/Member* |
| Risk Management Committee | Member |
| Audit Committee | Member |
| Policyholder Protection, Grievance Redressal and Claims Monitoring Committee | Chairperson/Member* |
| Stakeholders Relationship Committee | Member |
| Committee for Review of Wilful Defaulters | Member |
| Building Advisory Committee | Member |
The roles designated with an asterisk (*) include the Nomination and Remuneration Committee and the Policyholder Protection, Grievance Redressal and Claims Monitoring Committee.
LICI Stock Price Movement
Shares of Life Insurance Corporation Of India slipped by 0.98% on Friday, closing at ₹433.10 after shedding ₹4.30 from the previous close. The stock saw considerable activity in the session, with nearly six million shares traded.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.
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