Life Insurance Corporation of India (LIC) announced that Prof. Anil Kumar has ceased to hold the position of Independent Director on July 19, 2026, upon the completion of his term. Consequently, he has also stepped down as chairperson/member from various committees as detailed in Annexure I. Further disclosures as required by SEBI regulations are provided in Annexure II. The information has been made available on the LIC website.
Key Personnel Change at LIC
Life Insurance Corporation of India (LIC) has officially announced the cessation of Prof. Anil Kumar’s tenure as an Independent Director. This change took effect on July 19, 2026, marking the conclusion of his term. Prof. Anil Kumar, identified by his DIN 09477565, will no longer serve in this capacity after the close of business on the aforementioned date.
Committee Memberships Concluded
Following his cessation as Independent Director, Prof. Anil Kumar has also stepped down from his roles as chairperson and member of several key committees. Annexure – I provides a detailed list of these committees, which include the Executive Committee, ESG Committee, Nomination and Remuneration Committee, Risk Management Committee, Audit Committee, Policyholder Protection, Grievance Redressal and Claims Monitoring Committee, Stakeholders Relationship Committee, Committee for Review of Wilful Defaulters, and the Building Advisory Committee.
Regulatory Disclosures
In accordance with the applicable regulations, further details regarding this change are enclosed as Annexure – II. This includes information such as the reason for the change, the effective date, and other pertinent disclosures. The Corporation has ensured that this information is disseminated as required and has also made a copy available on its official website, www.licindia.in.
Source: BSE
