ICICI Life Insurance appoints Siddhartha (Sidharatha) Mishra as Managing Director and Chief Executive Officer, as Anup Bagchi steps down from the leadership role.
One report says Bagchi resigns from his positions and that his resignation takes effect after the close of business on 13 October 2026, citing a regulatory filing dated 2 October 2026. It also says Bagchi plans to pursue a new career opportunity and will support the transition. The board acknowledges his contributions during his tenure at the insurer and within the wider ICICI Group.
Across outlets, Mishra’s appointment is linked to the company’s planned leadership transition. One source details that Mishra is approved first as Chief Operating Officer from 6 October 2026, and later as Additional Director and Managing Director and CEO from 14 October 2026, or once required regulatory approval is received from IRDAI, whichever is later. That same source notes the appointment runs for five years and remains subject to necessary approvals, along with Mishra’s banking experience and current role at ICICI Bank, where he leads multiple customer and digital-related functions. Another outlet describes the change more generally, stating Mishra takes charge following Bagchi’s resignation.
