Four Senior Management Personnel to superannuate with effect from September 30, 2026

LIC has informed the exchanges that 4 officials holding Senior Management Personnel positions will superannuate (retire on reaching age) with effect from September 30, 2026, after the close of office hours.

Wed 30 Sep 2026

Superannuation Date

September 30, 2026

Number of Officials Retiring

4

Retiring Officials

Smt Rashmi Bhatnagar (Director, Zonal Training Centre, Bhopal), Smt Vandana Sinha (Executive Director, CRM/Claims/Annuities), Shri…

What was shared

LIC has made a disclosure under Regulation 30 of the SEBI Listing Regulations intimating that 4 officials holding the position of Senior Management Personnel (SMP) of the Corporation will be superannuating with effect from September 30, 2026, after the close of office hours.

Who is retiring

• Smt Rashmi Bhatnagar — Director, Zonal Training Centre, Bhopal
• Smt Vandana Sinha — Executive Director (Customer Relationship Management/Claims/Annuities), Central Office, Mumbai
• Shri Surendra Singh Chaplot — Executive Director (Business Development/Bima Sakhi), Central Office, Mumbai
• Shri Vivek Paul — Director, Management Development Centre, Mumbai

What superannuation means

Superannuation is retirement on reaching the prescribed service age. It is different from a resignation or a removal, and it is planned in advance. In a large state-owned insurer with a long-serving officer cadre, such retirements happen regularly and are shared with the exchanges because SMP changes are disclosable events.

How to read it

These are senior operating roles — claims and annuities, customer relationship management, business development including the Bima Sakhi initiative, and training and management development centres. The departures are at the senior management level and not at the Board or Managing Director level as stated in this intimation.

The intimation carries no monetary figures, so there is no direct financial impact to quantify from it. Investors generally watch such updates for continuity in key functions and for subsequent announcements on who takes charge of the vacated responsibilities.

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