B C Patnaik takes charge as MD of LIC

BC Patnaik has taken charge as Managing Director of Life Insurance Corporation of India. He was appointed as Managing Director by the Government of India notification dated July 5, 2021. Prior to taking charge as Managing Director of LIC, Patnaik was Secretary-General, Council for Insurance Ombudsmen, (CIO) Mumbai. He joined LIC of India in March 1986 as a Direct Recruit Officer.

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Important takeaways for all competitive exams:

• LIC Headquarters: Mumbai;
• LIC Founded: 1 September 1956;
• LIC Chairman: M R Kumar.

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