Insurance News

lic: FSIB recommends Siddhartha Mohanty as LIC chairman

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The Financial Services Institutions Bureau (FSIB) on Thursday recommended the name of Siddhartha Mohanty as the chairman of Life Insurance Corporation of India (LIC).

Mohanty, who is one of the four existing managing directors at LIC, was recently given the additional charge as chairman of the state-run insurer LIC for three months ending mid-June.

In a statement, FSIB said that the bureau interfaced with four candidates on March 23, 2023 for the position of Chairperson in Life Insurance Corporation of India.

“Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends Siddhartha Mohanty for the position of Chairperson in LIC of India,” it said.

However, the Indian government is yet to give its final approval for the appointment.

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