Board Committees

Executive Committee (Section 19(1) of LIC Act, 1956

Shri Siddhartha Mohanty, Chief Executive Officer & Managing Director, Chairperson of the Committee
Dr. Maruthi Prasad Tangirala, Government Nominee Director
Shri M Jagannath, Managing Director
Shri Tablesh Pandey, Managing Director
Shri Sat Pal Bhanoo, Managing Director
Shri R. Doraiswamy , Managing Director
Prof. Anil Kumar, Independent Director
Smt. Anjuly Chib Duggal, Independent Director
Shri Gurumoorthy Mahalingam, Independent Director
Dr. V. S. Parthasarathy, Independent Director

Investment Committee (Section 19A of LIC Act, 1956)

Shri Siddhartha Mohanty, Chief Executive Officer & Managing Director, Chairperson of the Committee
Shri M. Jagannath, Managing Director
Shri. Tablesh Pandey, Managing Director
Shri Sat Pal Bhanoo, Managing Director
Shri R. Doraiswamy , Managing Director
Shri. Gurumoorthy Mahalingam, Independent Director
Shri. Raj Kamal, Independent Director
Shri. M.P. Vijay Kumar, Independent Director

Audit Committee (Section 19C of the LIC Act, 1956 and Regulation 18 of SEBI (LODR), 2015 read with Section 177 of Companies Act, 2013)

Special Invitees:
- Shri R. Doraiswamy, Managing Director
- Chief Financial Officer

Risk Management Committee (Regulation 21 of SEBI (LODR), Regulations 2015)

Shri Gurumoorthy Mahalingam, Independent Director (Chairperson of the Committee)
Shri Siddhartha Mohanty, Chief Executive Officer & Managing Director
Shri M Jagannath, Managing Director
Shri Tablesh Pandey, Managing Director
Shri Raj Kamal, Independent Director
Smt. Anjuly Chib Duggal, Independent Director
Chief Financial Officer
Appointed Actuary
Chief Risk Officer

Policyholder Protection, Grievance Redressal and Claims Monitoring Committee (PPGR&CM Committee)(as per IRDAI (CG) Regulations, 2024)

With-Profit Committee (IRDAI (Non-Linked Insurance Products) Regulations

Shri Siddhartha Mohanty, Chief Executive Officer & Managing Director, Chairperson of the Committee
Shri. Raj Kamal, Independent Director
Appointed Actuary
Chief Financial Officer
Shri. Sai Srinivas Dhulipala, Independent Actuary

Election of Shareholders’ Directors Committee in PSBs.(As per MOF Letter no 16/11/2012-BO-I dated 03.04.2012)

Shri Siddhartha Mohanty, Chief Executive Officer & Managing Director, Chairperson of the Committee
Shri. M. Jagannath, Managing Director
Shri. Tablesh Pandey, Managing Director

IT Strategy Committee(580th LIC Board Meeting held on 27.03.2018)

Building Advisory Committee (510th LIC Board Meeting held on 20.08.2004)

Shri Siddhartha Mohanty, Chief Executive Officer & Managing Director, Chairperson of the Committee
Shri Sat Pal Bhanoo, Managing Director
Dr. Ranjan Sharma, Independent Director
Shri Sushil Kumar Dube, External Member
Shri Manu Amitabh, External Member

Review Committee on Wilful Defaulter (RBI Master Circular dated 01.07.2014 and 01.07.2015)

Shri Siddhartha Mohanty, Chief Executive Officer & Managing Director, Chairperson of the Committee
Shri. Vinod Kumar Verma, Independent Director
Shri. M.P.Vijay Kumar, Independent Director

Stakeholders Relationship Committee (Reg 20 of SEBI (LODR) Reg 2015)

Shri Vinod Kumar Verma, Independent Director, (Chairperson of the Committee)
Shri R. Doraiswamy, Managing Director
Smt. Anjuly Chib Duggal, Independent Director

Nomination and Remuneration Committee (Section 19B of LIC Act, 1956)

Prof. Anil Kumar, Independent Director, (Chairperson of the Committee)
Dr. Maruthi Prasad Tangirala, Government Nominee Director
Shri Siddhartha Mohanty, CEO & MD, as member (Chairperson of the Board of the Corporation)
Dr. Ranjan Sharma, Independent Director
Shri. Vinod Kumar Verma, Independent Director
Shri. Gurumoorthy Mahalingam, Independent Director

ESG (Environment, Social & Governance) Committee (As per Board Circular Resolution/2024-25/012 Dated 23rd September 2024)

Dr. V.S. Parthasarathy, Independent Director, (Chairperson of the Committee)
Shri M Jagannath, Managing Director
Shri Sat Pal Bhanoo, Managing Director
Prof. Anil Kumar, Independent Director

Two external members suitably qualified and experienced in ESG Field

Special Invitees:
- Executive Director/Head (Engineering)
- Executive Director/Head (OS/HRMS)
- Executive Director/Head (Research/Strategy/CP/NPRJ)
- Executive Director/Head (CG/GJF/RC)

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