Life Insurance Corporation of India (LIC) has announced the re-designation of Shri Madhu V. S., General Manager (Life)(Foreign), Nairobi (Kenya), to the position of Additional Director at the Management Development Centre in Mumbai. This change places Shri Madhu V. S. under the definition of Senior Management Personnel (SMP) for the Corporation. The disclosure aligns with SEBI’s Listing Regulations, providing details of the event and the individual’s profile.
Key Management Change at LIC
Life Insurance Corporation of India (LIC) has officially re-designated Shri Madhu V. S., who previously served as General Manager (Life)(Foreign) in Nairobi, Kenya. Effective August 17, 2026, Shri Madhu V. S. will assume the role of Additional Director at the Management Development Centre located in Mumbai. This re-designation brings him within the scope of Senior Management Personnel (SMP) as defined by the Corporation.
Details of the Re-designation
The disclosure, made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the change in designation for Shri Madhu V. S. His career with LIC began in 1992 as an Assistant Administrative Officer. He holds a B.Sc. degree and is a Fellow of the Insurance Institute of India. Throughout his 34-year tenure with the Corporation, he has held various administrative and marketing roles across different zones and international assignments.
Professional Background
Prior to this new role, Shri Madhu V. S. served as the General Manager (Life) in Nairobi, Kenya, from June 2023. His extensive experience includes serving as a Resident Manager for Gulf Insurance Agencies in Oman. The Corporation has provided the required details as per the Listing Regulations, and a copy of this intimation is also available on LIC’s official website.
Source: BSE
