Life Insurance Corporation Of India has informed the Exchange about change in Management. It is to inform that Shri Dinesh Pant, Appointed Actuary & Executive Director (Actuarial) & Key Managerial Personnel ("KMP") has taken charge as Managing Director & KMP on June 01, 2025. Consequent to his taking charge as Managing Director he ceases to be Appointed Actuary and Executive Director (Actuarial).

LIC has informed the exchanges that Shri Dinesh Pant, who was previously the Appointed Actuary & Executive Director (Actuarial), has been appointed as Managing Director & Key Managerial Personnel effective June 01, 2025. His appointment is based on a Government of India notification dated May 14, 2025, and his term runs until May 31, 2027 (his superannuation date) or until further orders. Shri Pant has over 35 years of experience at LIC, having joined as a direct recruit officer in 1989. He is a Fellow Member of the Institute of Actuaries of India and the UK, and holds degrees in Engineering, Law, and an MBA. He played a key role in LIC's mega IPO in 2022 and has served on multiple IRDAI committees on product regulations and risk-based capital. He ceases to be Appointed Actuary and ED (Actuarial) in his new role.