ICICI Prudential Life Insurance Company Limited informed that based on the recommendation of the Board Nomination and Remuneration Committee, the Board of Directors of the Company has, at their meeting held March 16, 2023, noted that Mr. N. S. Kannan, Managing Director & Chief Executive Officer, will superannuate from the services of the Company on the completion of tenure of his appointment on June 18, 2023. Mr. Kannan's distinguished service and stellar contribution to the growth and success of ICICI Group over the last thirty years across a variety of roles, including as MD & CEO of ICICI Prudential Life and as Executive Director of ICICI Bank. During his tenure at ICICI Prudential Life, Mr. Kannan has successfully steered the Company through a variety of challenges including the more recent COVID-19 pandemic challenge to build ICICI Prudential Life as a resilient and well-diversified franchise that can successfully seize and capitalise on emerging opportunities, and has taken the Company forward on the path of doubling its FY2019 value of new business by FY2023 despite these challenges.