Life Insurance Corporation of India Announces Superannuation of Sat Pal Bhanoo as Managing Director and Member of Board Committees, Effective December 31, 2025
Life Insurance Corporation of India announced that Shri. Sat Pal Bhanoo, Managing Director of the company, will be superannuating with effect from December 31, 2025, after the close of office hours, in terms of Government of India Notification F. No. A-11011/04/2023-Ins.
I dated July 19, 2023. Consequent to his superannuation, he ceases to be the member of the following committees: Executive Committee, Investment Committee, Audit Committee, Policyholder Protection, Grievance Redressal and Claims Monitoring Committee, Committee For Election of Shareholders? Directors in PSBs, Building Advisory Committee, ESG (Environment, Social & Governance) Committee.
Life Insurance Corporation of India is an India-based insurance company. The Company is engaged in the business of life insurance in and outside India. It offers a range of individual and group insurance solutions including participating, non-participating and unit linked lines of businesses. The portfolio comprises various insurance and investment products such as protection, pension, savings, investment, annuity, health, and variable. Its segments include Participating Life Individual, Participating Pension Individual, Participating Annuity Individual, Non-Participating Life (Individual & Group), Non-Participating Pension (Individual & Group), Non-Participating Annuity Individual, Non-Participating Variable individual, Non-Participating Health individual, Non-Participating Unit Linked and Capital Redemption, and Annuity Certain Business (CRAC). Its endowment plans include Bima Jyoti, Bima Ratna, Dhan Sanchay, Single Premium Endowment Plan, Jeevan Labh, and others.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Life Insurance Corporation of India Announces Superannuation of Sat Pal Bhanoo as Managing Director and Member of Board Committees, Effective December 31, 2025
