Current Affairs   »   Mini Ipe appointed as LIC MD...

Mini Ipe appointed as LIC MD ahead of proposed IPO

Mini Ipe appointed as LIC MD ahead of proposed IPO_50.1

Mini Ipe took charge as managing director of Life Insurance Corporation of India. Ipe is a post-graduate in commerce and joined LIC in 1986 as a direct recruit officer. She has a diverse experience in LIC having worked in various capacities. LIC is India’s 2nd-largest financial services institution with a Rs 31 lakh crore balance sheet, next to the country’s largest bank, State Bank of India (SBI), with assets of Rs 39.51 lakh crore.

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Before taking charge as managing director, she was executive director, legal department, LIC of India. Mini Ipe was the first woman zonal manager (in-charge) of LIC and headed SCZO, Hyderabad. She has also worked as executive director (international operations), director and CEO of LICHFL Financial Services Ltd. She has also worked as regional manager (P&IR) and regional manager (estate) of the western zone. Ipe joins the team of other MDs at LIC, including Mukesh Kumar Gupta, Raj Kumar and Siddhartha Mohanty.

Important takeaways for all competitive exams:

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

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