The Board of Directors of LICI, in its meeting held on June 24, 2026, considered and approved the appointment of Shri Jayasimhan Madabhushi Matam Tirumala as Chief Compliance Officer and Key Managerial Personnel. This appointment was made on the recommendation of the Nomination and Remuneration Committee and is subject to the approval of the Insurance Regulatory & Development Authority of India (IRDAI).

Consequently, Shri Tirumala has been re-designated as Executive Director (Board & Secretarial/Regulatory Compliance) & Chief Compliance Officer of the Corporation with effect from June 24, 2026.

Appointment Details

  • Reason for Change: Appointment as Chief Compliance Officer, Key Managerial Personnel
  • Date of Appointment: June 24, 2026
  • Term of Appointment: Until the date of superannuation or until further order, whichever is earlier

Professional Profile of Appointee

Shri Jayasimhan Madabhushi Matam Tirumala joined Life Insurance Corporation of India in 1992 as an Assistant Administrative Officer.

Educational Qualifications:

  • Bachelor's Degree in Science from S.V. University, Tirupati
  • Post Graduate Diploma in Industrial Relations & Personnel Management
  • Fellow of Insurance Institute of India

Career Progression:

  • Served as Senior Divisional Manager heading Machilipatnam and Shimoga Divisions under South Central Zone
  • Worked as Secretary (Marketing) and Secretary (Pension & Group Schemes) in South Central Zone
  • Held various Branch Office positions including Branch Manager and Senior Branch Manager
  • Served as Regional Manager (Marketing - Chief Life Insurance Advisor) heading the channel for the State of Karnataka
  • Worked as Chief (In-charge), Board & Secretarial Department, Central Office, Mumbai
  • Prior to current appointment, was Executive Director (Board & Secretarial/Regulatory Compliance)

Board Meeting Details

  • Commencement: 11:45 a.m. IST on June 24, 2026
  • Conclusion: 2:50 p.m. IST on June 24, 2026

Additional Information

  • Disclosure made available on the corporation's website at www.licindia.in
  • The disclosure includes Annexure-1 with details required under Regulation 30 of the Listing Regulations
  • Relationships between directors disclosure noted as "Not Applicable"
  • Signed by Anshul Kumar Singh, Company Secretary & Compliance Officer