Siddhartha Mohanty, chairman, LIC.
Mohanty is already an interim chairman of LIC; he’ll attain superannuation in June 2025
The authorities on Friday appointed Siddhartha Mohanty because the chairman of state-owned LIC for 2 years. He was already named as interim chairman in March for 3 months, from among the many 4 managing administrators at Life Insurance Corporation (LIC) of India. Mohanty attains superannuation in June 2025.
The transfer comes after M R Kumar’s tenure as LIC’s chairperson was accomplished on March 13, 2023. Kumar’s time period as chairman was prolonged twice. First, the federal government had prolonged the time period from June 30, 2021, until March 13, 2022, after which until March 13, 2023.
Mohanty joined LIC as a direct recruit officer in 1985 and has since then risen via the ranks holding varied senior positions throughout the firm. Mohanty was additionally the MD and CEO of LIC Housing Finance.
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