Life Insurance Corporation of India (LIC) has a new leader!

R Doraiswamy has taken the reins as the Managing Director and CEO of LIC, a position he will hold until August 28, 2028. This appointment, approved by the Appointments Committee of the Cabinet, comes after a recommendation from the Financial Services Institutions Bureau.

Doraiswamy brings a wealth of experience to the role, boasting an impressive 38-year career in the industry. He succeeds Siddhartha Mohanty, with Sat Pal Bhanoo having served as interim CEO in the transition period.

This appointment marks a significant moment for LIC, and the industry anticipates great things under Doraiswamy’s leadership. His extensive background promises a period of strategic growth and stability for India’s largest insurance provider.