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Mr. T.C. Suseel Kumar retired as Managing Director of Life Insurance Corporation of India (LIC) in January 2021, concluding a career spanning nearly four decades. Throughout his tenure, Mr. Kumar held various key positions within LIC, including Managing Director, Executive Director, and Zonal Manager, both in India and abroad. He managed major departments such as Marketing, CRM, HR, Finance, Audit, Corporate Governance, and Investments, and led LIC’s foreign operations in Mauritius.
Mr. Kumar is recognized for his deep knowledge of analytics and strategic business planning, which helped LIC achieve record-breaking milestones in First Year Premium Income and market leadership growth. He pioneered a market research program targeting millennials, resulting in over 100,000 new agents in 2020-21. He also implemented real-time automated business data compilation and analysis, enhancing strategic decision-making.
In addition to his roles at LIC, Mr. Kumar has served on the boards of several prominent companies, including Axis Bank Limited, Bombay Stock Exchange Limited, Lakshmi Machine Works, and National Mutual Fund (Mauritius). He currently serves as an Independent Director on the boards of Manappuram Finance Limited, Phillips Carbon Black Limited, and First Source Solutions Limited.
