LIC Managing Director Shri Sat Pal Bhanoo Retires on Dec 31, 2025
Life Insurance Corporation of India (LIC) has announced the superannuation of Shri Sat Pal Bhanoo, Managing Director of the Corporation. This retirement is effective from December 31, 2025, after offi...
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Why is Life Insurance Corporation Of India in the news today?
Life Insurance Corporation Of India (LICI) is in the news due to the announcement is a routine disclosure regarding the retirement of a managing director, which is a standard corporate event and does not inherently carry a positive or negative connotation for the company's performance or outlook.
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LIC Managing Director Shri Sat Pal Bhanoo Retires on Dec 31, 2025
December 31, 2025, 10:44 AM
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More Details on This News
Life Insurance Corporation of India (LIC) has announced the superannuation of Shri Sat Pal Bhanoo, Managing Director of the Corporation. This retirement is effective from December 31, 2025, after office hours, in accordance with a Government of India notification.
Consequent to his superannuation, Shri Sat Pal Bhanoo will cease to be a member of several key committees. These include the Executive Committee, Investment Committee, Audit Committee, Policyholder Protection, Grievance Redressal and Claims Monitoring Committee, Committee For Election of Shareholders’ Directors in PSBs, Building Advisory Committee, and the ESG (Environment, Social & Governance) Committee.
The company has submitted this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on LIC's official website, www.licindia.in.
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