Life Insurance Corporation of India has informed the Exchange regarding Appointment of Mr Pankaj Kumar Saxena as Senior Management Personnel.
LICI · price
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Life Insurance Corporation of India has appointed Mr. Pankaj Kumar Saxena as Executive Director (Alternate Channel) at the Central Office, effective April 10, 2026. He previously served as Managing Director and Chief Executive Officer of LIC Pension Fund Limited, a wholly-owned subsidiary of the Corporation. Saxena joined LIC in 1990 as an Assistant Administrative Officer and has over 35 years of experience across administrative and marketing functions in various zones. This appointment represents an internal movement of senior leadership from the subsidiary to the parent company, with Saxena taking on a new role in the alternate channel division.
This internal appointment reflects routine succession planning within the LIC group rather than a significant governance change. Shareholders should view this as a continuation of experienced leadership transitions within the organization.