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Usha Sangwan
Managing Director of Life Insurance Corporation of India
Personal details
Born 1958 (age 66–67)
Punjab, India
Nationality  India
Parent Lakshman Das Mittal (father)

Usha Sangwan is a very important Indian business leader. She used to be a Managing Director at Life Insurance Corporation of India (LIC), which is India's largest company for life insurance. She made history in 2013 by becoming the first woman to get this high position. Later, she also became an Independent Director at LIC. Usha is the daughter of Lakshman Das Mittal, who started the Sonalika Group. She worked at LIC for 37 years, from 1981 to 2018. In 2023, she joined Tata Motors as a director.

About Usha Sangwan

Usha Sangwan studied at Panjab University. She earned a Master's degree in two subjects: Economics (which is about money and how people use it) and Human resources (which is about managing people at work).

Her Career Journey

Usha Sangwan has had a long and successful career.

Working at LIC

Before becoming a Managing Director, she also managed LIC Housing Finance. This company is a part of LIC. She helped this company become successful again. In 2004, she helped raise a lot of money for it. She also made changes to how the company worked. She separated the teams that sell products from the teams that decide on risks. She also started using a new way to price things based on how risky they were.

Other Important Roles

Usha Sangwan is also one of the directors at Axis Bank. This shows her wide experience in the business world.

The Chairman, Life Insurance Corporation (LIC) of India, Shri S.K. Roy presenting the dividend cheque of Rs.1634, 89, 57, 602.00 to the Union Minister for Finance, Corporate Affairs and Information & Broadcasting
The Chairman of LIC, Shri S.K. Roy, presenting a dividend cheque in 2014. Usha Sangwan, a Managing Director at LIC, is also seen in the picture.
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