Life Insurance Corporation of India (LIC) announced the completion of terms for three Independent Directors: Smt. Anjuly Chib Duggal, Shri Raj Kamal, and Shri Muthu Raju Paravasa Raju Vijay Kumar. Their positions ceased on January 28, 2026, after the close of the day. Consequently, they also relinquished their roles in various committees within the corporation.
Independent Directors’ Departure
Smt. Anjuly Chib Duggal, Shri Raj Kamal, and Shri Muthu Raju Paravasa Raju Vijay Kumar completed their tenure as Independent Directors at Life Insurance Corporation of India (LIC) on January 28, 2026.
Committee Positions Relinquished
Following the cessation of their roles as Independent Directors, they have also stepped down from their respective positions in various committees. The changes are effective from January 28, 2026.
Changes in Committee Membership
The following table summarizes the changes in committee membership:
Executive Committee
Smt. Anjuly Chib Duggal: Ceased to be a member.
Investment Committee
Shri Raj Kamal and Shri Muthu Raju Paravasa Raju Vijay Kumar: Ceased to be members.
Risk Management Committee
Shri Raj Kamal: Ceased to be a member.
Audit Committee
Shri Muthu Raju Paravasa Raju Vijay Kumar: Ceased to be the Chairperson.
Policyholder Protection, Grievance Redressal and Claims Monitoring Committee
Smt. Anjuly Chib Duggal: Ceased to be a member.
Stakeholders Relationship Committee
Smt. Anjuly Chib Duggal: Ceased to be a member.
With Profit Committee
Shri Raj Kamal: Ceased to be a member.
Information Technology Strategy Committee
Shri Raj Kamal: Ceased to be the Chairperson and Shri Muthu Raju Paravasa Raju Vijay Kumar ceased to be a member.
Committee for Review of Wilful Defaulters
Shri Muthu Raju Paravasa Raju Vijay Kumar: Ceased to be a member.
Source: BSE
