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LIC CFO Shatmanyu Shrivastava to Retire, Four Senior Officials Also Departing
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CNBC TV18•30-09-2026, 16:33
LIC CFO Shatmanyu Shrivastava to Retire, Four Senior Officials Also Departing
- •LIC CFO Shatmanyu Shrivastava will retire on September 30, 2026, ceasing his position as a Key Managerial Personnel (KMP).
- •Four other senior management personnel, including Rashmi Bhatnagar, Vandana Sinha, Surendra Singh Chaplot, and Vivek Paul, will also superannuate on September 30.
- •This follows the recent voluntary retirement of LIC Managing Director Dinesh Pant, who is set to join IRDAI as Whole-Time Member (Actuary).
- •Former New India Assurance chairman-cum-managing director Girija Subramanian has also been appointed as Whole-Time Member (Distribution) at IRDAI.
- •LIC shares closed about 1% higher at ’394 on Wednesday, September 30, despite an 8% decline year-to-date in 2026.
Key Questions Answered
Life Insurance Corporation of India (LIC) Chief Financial Officer Shatmanyu Shrivastava will retire from the insurer on September 30, 2026, after the close of office hours due to superannuation. Shrivastava had previously been appointed to the role in July 2026.
Alongside the CFO, four other senior management personnel superannuate on September 30 after office hours. They include Rashmi Bhatnagar, Vandana Sinha, Surendra Singh Chaplot, and Vivek Paul.
Dinesh Pant took voluntary retirement from LIC effective September 24, 2026, following his appointment by the Department of Financial Services as a Whole-Time Member (Actuary) at the Insurance Regulatory and Development Authority of India (IRDAI).
