Siddhartha Mohanty takes addl charge as Chairman of LIC

New Delhi: State-owned Life Insurance Corporation (LIC) said in a regulatory filing that "Siddhartha Mohanty, Managing Director of the Corporation has taken charge of the financial and administrative powers and functions of the Chairperson of LIC of India, in the interim, in addition to his own duties, with effect from Tuesday."

Brief profile

Siddhartha Mohanty joined LIC in the year 1985 as an Apprentice Officer and has rich experience in the insurance sector. He holds a Bachelor’s in Law and Master’s in Arts (Political Science) from Utkal University, Bhubaneswar, Odisha. He also holds a Post Graduate Certification on Business Management from the Xavier Institute of Management, Bhubaneshwar, Odisha. He has also passed the Licentiate Examination conducted by the Insurance Institute of India in November 2002.

He previously served as COO and CEO of LIC Housing Finance Limited and has held various other positions, such as, Senior Divisional Manager of Raipur and Cuttack, Chief (Legal), Chief (Investment – Monitoring and Accounting), Executive Director (Legal), amongst others. During his tenure as Chief (Legal), Mumbai, the Corporation won the “Best Insurance In-House Legal Team of the Year” at the Legal Era Awards 2013-14. He is presently serving as the Managing Director of the Corporation.

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