The Financial Services Institutions Bureau (FSIB) has recommended the name for the position of Managing Director in LIC. Shri Ramakrishnan Chander has been appointed as the next managing director at the state-run insurance firm. However, the final decision or approval is subject to the Appointments Committee of the Cabinet.

There are four managing directors in the upper board of LIC, apart from the MD and CEO. R. Doraiswamy is the current MD and CEO of the corporation. Dinesh Pant, Ratnakar Patnaik, and Sat Pal Bhanoo are the other MDs.

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Shri Chander was appointed as Chief Investment Officer (CIO) in June 2025.

FSIB

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