“Pursuant to the Government of India’s Notification F. NO. A-11011/11/2022-Ins.I dated 13th March 2023, Shri M Jagannath, Zonal Manager (In-Charge), South Central Zone, Hyderabad, has been appointed as Managing Director, LIC of India vice Shri Raj Kumar with effect from the date of assumption of charge of the office and upto the date of his superannuation, or until further orders, whichever is earlier. Shri M Jagannath, has taken charge of the position of Managing Director of the Corporation on 13th March 2023,” the press release stated.
He had taken the charge from March 13.
Jagannath had joined the organisation as a Direct Recruit Officer in 1988. The newly appointed MD comes with a wide experience in marketing.
He is a Commerce graduate, his academic qualifications include CA (Inter), PG Diploma in Marketing, International PG Diploma in Life Insurance, General Insurance & Risk Management from the Institute of Insurance and Risk Management (IIRM), Hyderabad and Associate Member of the Insurance Institute of India, Mumbai.
He has worked as Senior Divisional Manager in-charge of Ernakulam, Dharwad and Bangalore I Divisions.
He also served as Chief Executive Officer and Manager Director of LIC (Lanka) Ltd., Colombo, Sri Lanka between 2009 and 2013 for a period of 4 years. His previous assignment was as Zonal Manager, South Central Zone, Hyderabad, which comprises of three states i.e., Telangana, Andhra Pradesh and Karnataka.
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