It is to inform that Mr. Varadarajan Muthuvenkataraman has been elevated to hold the position of Senior Management Personnel.
LICI · price
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Life Insurance Corporation of India has announced the elevation of Mr. Varadarajan Muthuvenkataraman to the position of Additional Executive Director (Enterprise Risk Management) at the Central Office in Mumbai, effective April 24, 2026. He previously served as Regional Manager at LIC Housing Finance Limited, Chennai, an associate company. This is an internal promotion within the corporation, with Mr. Varadarajan having joined LIC in 1992 as an Assistant Administrative Officer. With over three decades of experience across various roles in administrative, marketing, and leadership positions within the corporation and its subsidiaries, his appointment strengthens the enterprise risk management function at the central level.
This is a routine internal promotion within the senior management and is unlikely to have any material impact on the stock price or shareholder interests. It reflects normal succession planning within the corporation.