R Doraiswamy appointed as MD & CEO of LIC

New Delhi: The Government has appointed R Doraiswamy as the Managing Director and Chief Executive Officer (MD & CEO) of Life Insurance Corporation of India (LIC), the country’s largest state-owned life insurer. The appointment was announced following the approval of the Appointments Committee of the Cabinet, chaired by the Prime Minister.

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A formal notification to this effect was issued on Monday by the Department of Financial Services under the Ministry of Finance. Doraiswamy’s tenure as LIC MD & CEO will be for a period of three years, set to end on August 28, 2028, the date on which he will attain the age of 62 years.

His appointment follows a recommendation made by the Financial Services Institutions Bureau (FSIB) on June 11, 2025.

Doraiswamy succeeds Siddhartha Mohanty, whose term concluded on June 7, 2025. After Mohanty’s retirement, Sat Pal Bhanoo was appointed as interim MD & CEO for a three-month period from June 8 to September 7, 2025.

LIC, under the administrative control of the Ministry of Finance, is managed by a team comprising a Chairman or MD & CEO and four Managing Directors.

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