LILife Insurance Corporation of India543526Routine director change

Four senior management officials to superannuate with effect from October 31, 2026

Life Insurance Corporation of India has told BSE and NSE that 4 officials holding the position of Senior Management Personnel will be superannuating w.e.f. October 31, 2026.

By ScoutQuest · Fri 30 Oct 2026, 2:52 PM IST · 2 min read

Officials superannuating

4

Superannuation effective date

October 31, 2026

Last working day

close of office hours on October 30, 2026

What was announced

The Corporation informed BSE (Scrip Code 543526) and NSE that four officials holding the position of Senior Management Personnel will be superannuating with effect from October 31, 2026. They will be relieved from their duties at the close of office hours on October 30, 2026, which the update describes as the last working day of the month. The intimation is dated October 30, 2026 and is signed by the Company Secretary & Compliance Officer.

The four officials named

• Shri Faisal Aijaz Siddiqui, Executive Director (Senior Business Associate/Re-Investment), Central Office, Mumbai
• Shri Salil Vishwanath, Executive Director (Right To Information), Central Office, Mumbai
• Shri Pan Singh Negi, Zonal Manager (I/C), Zonal Office, Kanpur
• Shri Shubhashish Dasgupta, Executive Director (Office Services/Human Resource Management System), Central Office, Mumbai

Reading the word "superannuating"

Superannuation means retirement on reaching retirement age. The update uses that word, which points to a scheduled retirement rather than a resignation or an early exit. The relief date follows from that: duties end at the close of office hours on October 30, 2026, with the superannuation effective from October 31, 2026.

Where these roles sit

Three of the four positions are Executive Director roles based at the Central Office in Mumbai, covering Senior Business Associate/Re-Investment, Right To Information, and Office Services/Human Resource Management System. The fourth is the Zonal Manager (I/C) of the Zonal Office at Kanpur, a field-level role.

What an investor can take from this

• This is a management-change intimation, shared under the "Cessation" category, which covers a person leaving a position.
• The count of officials involved is 4, and the update names each one with the designation held at the time of superannuation.
• Because the exit is on superannuation, the timing is set by retirement age rather than by a board decision or an untimely event.
• For readers tracking who runs which function, the designations show the functions affected: investment/re-investment, right to information, office services and human resource management system, and a zonal office in Kanpur.
• The Corporation has stated that a copy of the intimation is also available on its website, www.licindia.in.

How to place it

Senior management retirements are a regular part of corporate life and are disclosed so that the market knows who holds which position. Read alongside the designations, this tells you which functions see a change of incumbent from October 31, 2026.

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