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Board Members


Shri Vijay Kumar Sharma, Chairman

Chairman, L.I.C. of India

                   Shri Vijay Kumar Sharma took charge as Chairman (In charge) and Managing Director, Life Insurance Corporation of India on 16th September, 2016. Prior to his taking over as Managing Director, LIC of India, on 1st November, 2013, he was Managing Director & Chief Executive Officer, LIC Housing Finance Limited (LICHFL), a premiere housing finance provider in the country with loan portfolio exceeding `83,000 crore.

           Shri Vijay Kumar Sharma, born on 19th December, 1958 is a post-graduate (M.Sc.) in Botany from Patna University. Shri Sharma joined LIC as Direct Recruit Officer in 1981 and has grown with the Company since then. During his stint as Senior Divisional Manager, Karnal, a rural division, had catapulated to Number One position in the country in premium income ahead of all other metro centres. As Executive Director of Pension & Group Schemes, he pioneered the launch of various prestigious pension schemes in the country. As Zonal Manager in-charge of Southern Zone, he successfully turned around its operations and put it on growth trajectory, making it No. 1 zone in 2010.

           Shri Sharma’s focused leadership, proficient in invigorating staff performance, re-organizing teams and developing talent, LICHFL maintained its growth momentum despite volatile markets and adverse macro-economic conditions. During his tenure LICHFL was adjudged as “Best Housing Finance Company 2011” by CNBC-TV 18. His key areas of expertise have been Business Strategy, Business Development, Processes and Systems, Leadership Development, Branding and Product Development, and Risk Mitigation and Compliance. A strategic leader, recognized for making sweeping improvements to efficiency, product development and marketing and identifying areas of opportunity, he is acclaimed as a “Crisis Manager” for stabilizing operations and leading turnaround growth strategies in uniquely challenging situations. He has been an inspirational leader who utilizes negotiation skills gained over thirty five years of extensive experience in insurance and financial sectors and strongly connects to the grass root levels, believes in “bottom-up approach” and has the ability to see the Big Picture and translate to reality.


Mrs. Usha Sangwan, Director

Managing Director, L.I.C. of India

                  Mrs. Usha Sangwan represents the Board from Promoters Group since May 23, 2016. She holds a Master's Degree in Economics and a Post Graduate Diploma in Human Resource Management.

                  Mrs Sangwan has been the Managing Director of Life Insurance Corporation of India since November 1, 2013. She joined LIC as Direct Recruit Officer in 1981 and has over 35 years of experience in Insurance, Marketing and Financial sector. She has worked in almost all core areas of life insurance including Marketing, Personnel, Corporate Planning, CSR, Housing Finance, Underwriting and Reinsurance, Corporate Communication, Investment Risk Management and Research, Hosing Finance, Group Business, Customer Relationship Management, Estate Management, Board Management, Direct Marketing and International Operations. Her expertise lies in analytics, strategy, execution, people skill, use of technology particularly in marketing and servicing and setting up of systems. She has been featured in Forbes List of 50 most powerful Business Women in Asia in 2015. She has been awarded the "Women Leadership Award" in BFSI sector by Institute of Public Enterprise and "Brand Slam Leadership Award" by CMO Asia. She has also been awarded "Women Leadership Role Model" by Top Rankers Management Consultants. Mrs. Sangwan has also been felicitated by Free Press Journal, Colour TV and Doordarshan for Women in Leadership Role.


Mr. Ashok Agrawal, Director

Managing Director, Vishal Group Ltd.

                   Mr. Ashok Agrawal , a commerce graduate, is the Managing Director of Vishal Group of companies and also is Director of Bank of Asia Nepal Ltd., LIC (Nepal), Prudential Insurance Company Ltd., Mainawati Steel Industries Pvt. Ltd. and Global Trading House Ltd. He is also the President of Nepal Foreign Trade Association (NFTA), Member of Nepal India Chamber of Commerce, and Gordhandass Kamlawati Paropkari Pratisthan. He is involved in Trading, Industrial & Service Sector Activities since last 24 years.


Mr. Kumar Keshar Bista, Director

Nominee of Shareholders

                     Shri Kumar Keshar Bista represents the Board as public director since 24 May 2016. Prior to joining this company, he was the public director at Prime Life Insurance Company Ltd. Academically, Shri Bista has passed Bachelor’s Degree in Commerce & Business Administration (T.U., Nepal, 1977) and Professional Degree in Cost and Management Accountancy (Institute of Cost Accountants of India, 1988). Shri Bista is a well-known personality at share market of Nepal. He has over 37 years of working experiences on financial management at various organizations. Presently, he has been the Deputy Team Leader of Crown Agents/DFID since May 1, 2013. He has worked as Financial Management Expert and Analyst at several places like Ministry of Local Development/UNDP, WYG International/UK, Asian Development Bank/Manila, LBFC/DASU-DANIDA, United Nations Capital Development Fund, World Food Program Office, Nepal, Transparency International Nepal, Economic Analysis Division of Ministry of Finance and also Part time Lecturer for Master’s Level on the subject "Advanced Auditing and Taxation" at Shanker Dev Campus, Kathmandu.


Mr. V.K. Kukreja, Director


                    Mr. V.K. Kukreja holds B.Com. (Honors) and Chartered Accountants Degree and presently doing a professional practice of Chartered Accountancy as partner in M/S S.P. Chopra and Company Chartered Accountants, Mumbai, India. Mr. Kukreja possesses 30 years of rich experience in life insurance sector. He joined LIC of India in 1982 and retired on 30th September 2012 when he was LIC's Executive Director (Finance & Accounts). Prior to this, he has successfully led several other key assignments of LIC like Dy. General Manager of LIC Mutual Fund, Regional Manager (Finance & Accounts) for north, north central & west zones of LIC, Chief of Investment Department and Executive Director of Investment Department in LIC of India.

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