Outcome of Board Meeting

Ref. No.: LIC/SE/2026-27/110 Date: November 05, 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 Symbol: LICI Dear Sir/Madam, Sub: Outcome of the Board meeting Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this is to inform that the Board of Directors of the Life Insurance Corporation of India (“Corporation”) at their meeting held today, i.e., Thursday, November 05, 2026, have inter-alia considered and approved the following: 1. Unaudited Financial Results (Standalone and Consolidated) of the Corporation for the quarter and half-year ended September 30, 2026. The Unaudited Financial Results (Standalone & Consolidated) alongwith the Limited Review Report for the quarter and half-year ended September 30, 2026 is enclosed. Further, a copy of the Press Release on the Performance update of the Corporation for the quarter and half- year ended September 30, 2026 (H1 - FY 2027) is also enclosed. 2. Smt Naga Nalini Kalluri, Secretary (Corporate Governance/Golden Jubilee Foundation/Regulatory Compliance) is appointed as Chief Compliance Officer & Key Managerial Personnel (KMP) of the Corporation in place of Shri Jayasimhan Madabhushi Matam Tirumala, Executive Director (Board & Secretarial/Regulatory Compliance) & Chief Compliance Officer, w.e.f., November 06, 2026, on the recommendation of Nomination & Remuneration Committee. The details as required under Regulation 30 of the Listing Regulations read with circulars issued thereunder, from time to time, is enclosed as Annexure – I. The Board Meeting commenced at 12:55 p.m. (IST) on November 05, 2026 and concluded at 04:05 p.m. (IST). Please take the above information on record and arrange for its dissemination. A copy of this intimation is also being made available on 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 read with Para A of Schedule III to the Listing regulations and the circular issued thereunder, from time to time, with regard to change in Key Managerial Personnel is giver hereunder: Appointment of Smt Naga Nalini Kalluri. as Chief Compliance Officer & Key Managerial Personnel: S. No. Particulars Brief Details of the Event 1 Reason for change viz. Appointment, Appointment of Smt Naga Nalini Kalluri as Chief Resignation, Removal, Death or Compliance Officer & Key Managerial Personnel Otherwise 2 Date of Appointment / Cessation & November 06, 2026 and up to the date of Term of appointment Superannuation or till further order whichever is earlier. 3 Brief Profile (in case of appointment) Smt Naga Nalini Kalluri joined the Life Insurance Corporation of India in the year 1991 as Assistant and upon becoming a Fellow of Insurance Institute of India, elevated to the cadre of Assistant Administrative Officer in the year 1997 under fast track category. She holds a Bachelor’s Degree in Maths, Physics and Electronics from Osmania University, Hyderabad. She has completed one-year Full-time Post Graduate Executive Program in Management conducted by Indian Institute of Management, Ahmedabad. She also holds Diploma in Life Underwriting and Health Insurance. She worked in various Branches and Divisions of LIC of India across different geographies/Zones and managed various portfolios such as CRM, Finance & Accounts, Policy Servicing, Claim Settlement, Sales and Personnel in various administrative roles. She also worked at Corporate Office of Health Insurance of LIC of India and has an exposure of working in Insurance Regulatory and Development Authority of India on deputation for three years. Prior to taking over charge as Chief Compliance Officer, she was Secretary (Corporate Governance/Golden Jubilee Foundation/Regulatory Compliance) handling Regulatory matters from the year 2024. 4 Disclosure of relationships between Not applicable directors (in case of appointment of a director) Cessation of Shri Jayasimhan Madabhushi Matam Tirumala, Executive Director (Board & Secretarial/Regulatory Compliance) & Chief Compliance Officer as Chief Compliance Officer S. No. Particulars Information of such event 1 Reason for change viz. Cessation of Shri Jayasimhan Madabhushi Matam Tirumala as Appointment, Resignation, Chief Compliance Officer consequent to the appointment of Smt Removal, Superannuation, Naga Nalini K. as Chief Compliance Officer Death or Otherwise 2 Date of Appointment / Cessation November 06, 2026. & 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) V. Sankar Aiyar& Co. Mukund M Chitale& Co. Chartered Accountants Chartered Accountants A-601, Mangalya Building, 2nd floor, Kapur House, Off. MarolMaroshi Road, Paranjape Scheme B, Road No. 1, Andheri (E) Vile Parle (East), Mumbai - 400 059 Mumbai - 400 057 Independent Auditors' Limited Review Report on Unaudited Standalone Financial Results of LIFE INSURANCE CORPORATION OF INDIA for the quarter and half year ended September 30, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with IRDAI Circular reference: IRDAI/ F&I/REG/ CIR/ 208/ 10/ 2016 dated October 25, 2016 The Board of Directors of Life Insurance Corporation of India 1. We have reviewed the accompanying statement of unaudited standalone financial results of Life Insurance Corporation of India ("the Corporation") for the quarter and half year ended September 30,2026, ("the Statement"),being submitted by the Corporation pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, ("Listing Regulations") and the Insurance Regulatory and Development Authority of India ("IRDAI") Circular reference: IRDAI /F&I I REG/ CIR/ 208 /10/ 2016 dated October 25, 2016. 2. This Statement is the responsibility of the Corporation's Management and approved by the Board of Directors, which has been initialed by us for identification purpose only. The Statement has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard ("AS") 25 "Interim Financial Reporting", issued by the Institute of Chartered Accountants of India (ICAI), including the relevant provisions of the Insurance Act, 1938 (the "Insurance Act"), the Insurance Regulatory and Development Authority Act, 1999 (the "IRDA Act"), the Life Insurance Corporation Act, 1956 (the "LIC Act"), as amended, and other accounting principles generally accepted in India, to the extent considered relevant and appropriate for the purpose of these financial results and which are not inconsistent with the accounting principles as prescribed in the Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024 (the "Regulations") as amended from time to time and orders/directions/circulars issued by the IRDAI. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement iri accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an au [Showing first 8,000 characters — download PDF for full document]