In a regulatory filing, LIC said that Agrawal tendered his resignation through a letter dated June 24, 2026. His resignation will take effect from the close of business hours on July 14, 2026, following which he will cease to hold the positions of CFO and KMP of the corporation.

“Shri Sunil Agrawal has resigned from the position of chief financial officer and key managerial prsonnel of the Corporation to pursue better prospects,” LIC said in the filing.

The insurer also placed on record its appreciation for Agrawal’s contributions during his tenure and wished him success in his future endeavours.

Life Insurance Corporation of India 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 business. The portfolio comprises of various insurance and investment products such as protection, pension, savings, investment, annuity, health, variable and CRAC.

The company reported 23.3% rise in consolidated net profit to Rs 23,467.18 crore in Q4 FY26 from Rs 19,038.67 crore in Q4 FY25. the company reported 23.3% rise in consolidated net profit to Rs 23,467.18 crore in Q4 FY26 from Rs 19,038.67 crore in Q4 FY25.

Shares of Life Insurance Corporation of India shed 0.29% to Rs 425.35 on the BSE.