Life Insurance Corporation of India has appointed Shatmanyu Shrivastava as its new Chief Financial Officer, filling a key leadership position at the state-owned insurer. He takes over the finance chief role from Sunil Agrawal, who stepped down late last month.
The LIC CFO appointment puts a long-serving company executive in charge of the insurer’s finance function. According to the available details, Shrivastava brings more than three decades of experience and has worked across different operational levels within LIC.
The move comes soon after Sunil Agrawal’s resignation, making the transition notable for India’s largest life insurer. By choosing an internal veteran, LIC appears to be relying on continuity and deep institutional knowledge for one of its most important executive posts.
For LIC, the appointment of Shatmanyu Shrivastava as CFO is a significant management update, especially as investors and policyholders track leadership changes at major financial institutions. The development also highlights the insurer’s preference for experienced in-house talent in senior roles.
