Usha Sangwan (Indian Business Executive) Biography

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Qualifications	Master’s Degree in Economics Post Graduate Diploma in Human Resource Management Bachelor's (Honors) in Economics Licentiate, Insurance Course on Leadership, Management Human Capital Management Marketing Strategies Marketing/Marketing Management Course on Project Appraisal and Financing, and Communication skills for world-class leaders Licentiate, Insurance Institute of India
Institution(s)	Indira Gandhi National Open University, Delhi Panjab University, Chandigarh Indian Institute of Insurance, Mumbai Indian Institute of Management, Lucknow Asian Institute of Management, Philippines Indian School of Business, Mohali, Punjab Government College for Girls, Chandigarh Management Development Institute, Gurgaon, Haryana

School	Government Model Middle School, Chandigarh
College/University	Multiple

Marital Status

Family

Husband/Spouse

Narender Sangwan (Retired Chief Commissioner of Income Tax)

Parents

Father	Lachman Das Mittal (Founder of Sonalika Group)
Mother	Raj Rani Mittal

Children

Akshay Sangwan (Director- Development and Commercial at Sonalika/ITL and Executive Director at Sonalika Industries/ICML)
Anupriya

Siblings

Career Highlights	Managing Director, LIC (2013-2018) Executive Director, LIC (2009-2013) Regional Manager, LIC Housing Finance Limited (2002-2005) First woman Managing Director of Life Insurance Corporation of India (2013-2018) Worked at LIC for 37 years (1981-2018) Independent Director at Tata Motors (from 2023) Independent Director at Tata Technologies, Torrent Power, SBI Life, Trident Ltd, Tata Passenger Vehicles, and Tata Electric Mobility Member of Financial Services Institution Bureau (FSIB) Director at Axis Bank Independent Director at LIC of India
Awards, Honours, Achievements	Multiple awards in 2013-2018 Women Leadership Award in BFSI sector by Institute of Public Enterprise Brand Slam Leadership Award by CMO Asia Women Leadership Role Model award by Top Rankers Management Consultants Corporate Leadership Award for 2014 by Colour TV Achieved LIC claim settlement rates of 99.75% for maturity claims and 99.45% for death claims Modernized LIC with digital services, e-platforms, mobile apps, SMS helplines, and social media engagement

Career Highlights

Managing Director, LIC (2013-2018)
Executive Director, LIC (2009-2013)
Regional Manager, LIC Housing Finance Limited (2002-2005)
First woman Managing Director of Life Insurance Corporation of India (2013-2018)
Worked at LIC for 37 years (1981-2018)
Independent Director at Tata Motors (from 2023)
Independent Director at Tata Technologies, Torrent Power, SBI Life, Trident Ltd, Tata Passenger Vehicles, and Tata Electric Mobility
Member of Financial Services Institution Bureau (FSIB)
Director at Axis Bank
Independent Director at LIC of India

Awards, Honours, Achievements

Multiple awards in 2013-2018
Women Leadership Award in BFSI sector by Institute of Public Enterprise
Brand Slam Leadership Award by CMO Asia
Women Leadership Role Model award by Top Rankers Management Consultants
Corporate Leadership Award for 2014 by Colour TV
Achieved LIC claim settlement rates of 99.75% for maturity claims and 99.45% for death claims
Modernized LIC with digital services, e-platforms, mobile apps, SMS helplines, and social media engagement

1. Started working at LIC as a Direct Recruit Officer in 1981.
2. Accumulated almost 30 years of experience at the board level.
3. Oversaw various boards such as Bombay Stock Exchange, Axis Bank Ltd., and Ambuja Cements.
4. Played a key role in successfully reviving LIC Housing Finance Limited.
5. Pioneered the use of social media to enhance LIC's outreach and engagement.
6. Accumulated 37 years of experience at LIC.
7. Introduced risk-based pricing and segregated marketing and underwriting divisions at LIC Housing Finance.
8. Member of the Governing Council of the National Insurance Academy, Pune.
9. Mentor to aspiring independent directors.
10. Played a key role in raising $29.85 million through global depository receipts for LIC Housing Finance in 2004.
11. Sits on boards including Centre for Technology, Finance & Entrepreneurship.