The Financial Services Institutions Bureau (FSIB) on Wednesday (June 11, 2025) recommended R Doraiswamy for the position of Chief Executive Officer and Managing Director (CEO & MD) of Life Insurance Corporation of India (LIC). Doraiswamy is currently serving as Managing Director at LIC, a post he assumed in September 2023.
The Bureau conducted interactions with four LIC executives for the top role: R Doraiswamy, Sat Pal Bhanoo, Dinesh Pant, and Ratnakar Patnaik.
“Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends Shri R Doraiswamy for the position of CEO & MD in LIC,” FSIB said in a statement.
Interestingly, the government had recently entrusted Sat Pal Bhanoo with the financial and administrative powers of CEO & MD for a three-month period starting June 8, 2025, following the completion of Siddhartha Mohanty’s term.
With FSIB’s recommendation in place, Doraiswamy’s appointment now awaits further approval from the Appointments Committee of the Cabinet (ACC).
Join Us on WhatsApp