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Govt appoints Siddhartha Mohanty as managing director of LIC

Sumit Arora Published On January 21st, 2021 Leave a comment

The Appointments Committee of the Cabinet has appointed Siddhartha Mohanty as the managing director of India’s largest insurer Life Insurance Corporation (LIC) from February 1 onwards. He is currently CEO of LIC Housing Finance Limited. He will serve as the MD of LIC till his superannuation on June 30, 2023. He will be replacing TC Suseel Kumar, who is set to retire on January 31, 2021.

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LIC has four MDs and one chairman. Currently, MR Kumar is serving as the chairman of the corporation and TC Suseel Kumar, Vipin Anand, Mukesh Kumar Gupta, and Raj Kumar are serving as the MDs of LIC.

Important takeaways for all competitive exams:

Life Insurance Corporation Founded: 1 September 1956.
Life Insurance Corporation Headquarters: Mumbai.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.