M K Gupta and Raj Kumar appointed as MD of LIC

The Appointments Committee of the Cabinet approved the appointment of Mukesh Kumar Gupta and Raj Kumar as Managing Director of insurance behemoth LIC. Presently, they are working as Executive Directors in LIC. The Banks Board Bureau (BBB) had recommended their names after interviewing seven officials in August, 2019.

In addition to Chairman, LIC has four Managing Directors. The appointment is done against the vacancy created by retirement of B Venugopal and Hemant Bhargava in May and July, respectively.

In March, the government had appointed MR Kumar as the chairman of LIC, and TC Suseel Kumar and Vipin Anand were appointed as managing directors.