LIC Housing Finance Limited has named Sandeep Kumar as the company’s Managing Director and Chief Executive Officer, with effect from August 29, 2026. The board approved the appointment at its meeting held on August 28, 2026, designating him as an Additional Director and MD & CEO and a Key Managerial Personnel for a term not exceeding five years, subject to shareholder approval within three months. He will serve in this role as a nominee director of LIC of India and will not be liable to retire by rotation, pending the shareholders’ consent.
Sandeep Kumar brings a long tenure with the Life Insurance Corporation of India (LIC) and an extensive career spanning marketing and administration across UC of India. He commenced his career in 1991 and has held关键 roles in branch operations, marketing leadership, and central office functions. In 2025, he was appointed Director and CEO of UC HFL Financial Services Limited, Mumbai, marking a trajectory that merges frontline leadership with strategy oversight at a high level.
The appointment signals a closer alignment between LIC Housing Finance and its parent, LIC of India, given Kumar’s status as a nominee director from LIC. As LIC Housing Finance pivots on growth and governance, Kumar’s appointment could shape strategy, execution, and external collaboration across the lender’s franchise. Shareholder approval remains a follow-through step, after which Kumar will chart a path for the company’s next phase of growth.