The Life Insurance Corporation of India’s Chief Financial Officer Sunil Agrawal has resigned to pursue better prospects.

“His resignation will be effective from the close of business hours of July 14, 2026 when he would cease to be Chief Financial Officer and key managerial personnel of the Corporation,” LIC said.

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It places on record its sincere appreciation for his valuable contributions, during his tenure, and wishes him the best in his future endeavour, the State-owned insurer said in a filing on June 24 intimating stock exchanges of Mr. Agrawal’s resignation.

Mr. Agrawal had joined as the CFO in March 2022 ahead of the initial public offering of the insurer. Before joining LIC, he was with Reliance Nippon Life Insurance for more than 12 years and before that with ICICI Prudential Life Insurance Company for over five years.

A B.E and a chartered accountant, Mr.Agrawal has a total of 26 years of work experience. Comes at a time when the insurance industry is seeing entry of new players as well as several companies announcing plans to foray, besides new joint ventures, his resignation and the next move is bound to be closely watched.