Change in Management

Ref. No.: LIC/SE/2026-27/59 Date: June 24, 2026 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, The National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza, 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 SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this is to inform that Shri Sunil Agrawal, Chief Financial Officer and Key Managerial Personnel, Life Insurance Corporation of India (“the Corporation”) vide letter dated June 24, 2026, has resigned to pursue better prospects. His resignation will be effective from the close of business hours of July 14, 2026 when he would cease to be Chief Financial Officer and Key Managerial Personnel of the Corporation. The Corporation places on record its sincere appreciation for his valuable contributions during his tenure and wishes him the very best in his future endeavours. The details as required under Regulation 30 of the Listing Regulation read with circular issued thereunder, from time to time is enclosed as Annexure – I and letter of resignation received from Shri Sunil Agrawal is enclosed herewith as Annexure – II. Please take the above information on record and arrange for its 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 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 Key Managerial Personnel is given hereunder: S. No. Particulars Information of such event 1 Reason for change viz. Resignation of Shri Sunil Agrawal, Chief Financial Officer Appointment, Resignation, and Key Managerial Personnel. Removal, Death or Otherwise Shri Sunil Agrawal vide letter dated June 24, 2026, has resigned from the position of Chief Financial Officer and Key Managerial Personnel, Life Insurance Corporation of India (“the Corporation”), to pursue better prospects. 2 Date of Resignation, Appointment June 24, 2026 / Cessation & Term of 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) Annexure - II 24th June 2026 The CEO and Managing Director, Life Insurance Corporation of lndia "Yogakshema", Jeevan Bima Marg, Nariman Point, Mumbai 4000 21. Respected Sir, Ref.: S.R. Number -417296 Sub.: Resignation from services of the Corporation I hereby submit my resignation from the position of Chief Finanial Officer at Life Insurance Corporation of India as I pursue better prospects. I kindly request to be relieved from my responsibilities effective 14th July 2026. Ia m grateful for the opportunities, guidance and encouragement I have received during my tenure. I extend my best wishes for the Corporation's continued achievements in future. I shall be glad to provide any assistance as may be required. I request that the relieving letter, reflecting my service and experience period, be issued upon my release. Thank youo nce again for your support and trust. Yours sincerely. (Sunil Agrawal) Chief Financial Officer Life Insurance Corporation of India