Siddhartha Mohanty appointed as new LIC Chairman

The Modi government on Friday (28.04.2023) appointed Siddhartha Mohanty as Chairman of the Life Insurance Corporation (LIC) of India until June 2024. After that, Mohanty will be the Managing Director and Chief Executive Officer of the insurance behemoth until June 2025.

Mohanty is one of four Managing Directors at LIC and was given the additional responsibility of Chairmanship for a period of three months after MR Kumar’s tenure as Chairman ended on March 13.

On March 23, 2023, the Financial Services Institutions Bureau (FSIB) recommended the candidature of Siddhartha Mohanty as the next Chairman of LIC of India after it evaluated four candidates for the top LIC Job.

Also Read: FSIB recommends Siddhartha Mohanty as Chairman, LIC of India