Change in Management

Ref. No.: LIC/SE/2026-27/67 Date: July 19, 2026 The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower Exchange Plaza, 5th Floor, Plot C/1, Dalal Street G Block, Bandra Kurla Complex Mumbai- 400001 Mumbai - 400051 Scrip Code: 543526 Scrip Code: LICI Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). Pursuant to Regulation 30 of Listing Regulations, it is to inform that Prof. Anil Kumar (DIN: 09477565) ceases to hold the position of Independent Director of the Life Insurance Corporation of India (“the Corporation”) upon completion of his term on July 19, 2026 (after the close of day). Consequent to the cessation of the position of Independent Director, he ceases to be the chairperson/member of the respective committees as mentioned in Annexure – I. The details as required under Regulation 30 of the Listing Regulations read with circulars issued thereunder, from time to time, is enclosed as Annexure – II. Please take the above information on record and arrange for dissemination. A copy of this intimation is also being made available on the website of the Corporation at www.licindia.in. Yours faithfully, For Life Insurance Corporation of India (Anshul Kumar Singh) Company Secretary & Compliance Officer Encl.: a/a Annexure – I Details of committees where Independent Director ceased to be chairperson/member: Name of Committee Prof. Anil Kumar Executive Committee Yes ESG (Environment, Social & Governance) Yes Committee Nomination and Remuneration Committee Yes* Risk Management Committee Yes Audit Committee Yes Policyholder Protection, Grievance Redressal Yes* and Claims Monitoring Committee Stakeholders Relationship Committee Yes Committee for Review of Wilful Defaulters Yes Building Advisory Committee Yes Note: * Chairperson of the Nomination and Remuneration Committee and the Policyholder Protection, Grievance Redressal and Claims Monitoring Committee Annexure - II Disclosure required pursuant to Regulation 30 of the Listing Regulations read with Para A of Schedule III to the Listing Regulations and the circulars issued thereunder, from time to time, with regard to change in Director is given hereunder: Cessation of Prof. Anil Kumar (DIN: 09477565) as Independent Director: S. No. Particulars Brief Details of the Event 1 Reason for change viz. Cessation of Prof. Anil Kumar as Independent Director, Appointment, Resignation, upon completion of term. Removal, Death or Otherwise 2 Date of appointment / Cessation & July 19, 2026, after close of day Term of re-appointment 3 Brief Profile (in case of Not Applicable appointment) 4 Disclosure of relationships Not Applicable between directors (in case of appointment of a director) 5 Whether debarred from holding the Not Applicable position of Director pursuant to SEBI order or any other authority