Archive · 25 Sep 2026
Dinesh Pant Retires Voluntarily as LIC Managing Director, Joins IRDAI
Dinesh Pant has left his job as Managing Director of LIC.
He chose to retire before his planned term ended.
The government approved his retirement in September 2026.
Pant had led LIC since June 2025.
He worked at LIC for more than 30 years.
His work included insurance mathematics, investments, products and business in other countries.
He also helped with LIC’s large stock-market listing in 2022.
The government appointed him to a senior role at IRDAI in June 2026.
LIC has not yet said who will permanently replace him.
The Government of India approved Dinesh Pant’s voluntary retirement from Life Insurance Corporation of India on September 24, 2026.
Pant became LIC’s Managing Director on June 1, 2025, but his appointment was originally scheduled to continue until May 2027.
He spent more than three decades at LIC in actuarial services, investments, product development and international operations.
The government appointed Pant as IRDAI’s Whole-Time Member (Actuary) in June 2026 for five years or until he turned 65, whichever came first.
LIC has not announced a successor; its other senior leaders include R. Doraiswamy and Ratnakar Patnaik.
- Who
- Dinesh Pant, the Life Insurance Corporation of India, the Department of Financial Services and the Insurance Regulatory and Development Authority of India.
- What
- The government approved the premature end of Pant’s LIC Managing Director appointment after he took voluntary retirement.
- When
- The retirement approval was notified on September 24, 2026; Pant had become LIC Managing Director on June 1, 2025, and was appointed to IRDAI in June 2026.
- Where
- The decision concerns Life Insurance Corporation of India and was issued by the Department of Financial Services under India’s Ministry of Finance.
- Why
- Pant retired voluntarily and had been appointed to become an IRDAI Whole-Time Member (Actuary).
- Departing executive
- Dinesh Pant
- Former position
- Managing Director, Life Insurance Corporation of India
- LIC start date
- June 1, 2025
- Original LIC end date
- May 2027
- Retirement approval
- Government notification dated September 24, 2026
- New position
- Whole-Time Member (Actuary), Insurance Regulatory and Development Authority of India
- Successor
- No successor has been announced
