Selection of fourth MD of LIC expected on July 15

LIC, Life Insurance Corporation

Amid three MDs serving on the board of LIC the fourth position (MD) has been lying vacant since May 2014 after the retirement of Sushovan Sarkar. Reportedly, the five candidates are expected to try their luck including COO of LIC Home Finance and COO of LIC Nomura.

There are four sanctioned positions of MD whereas only are serving namely; S B Mainak, V K Sharma and Usha Sangwan. Presently S K Roy is the Chairman of LIC.

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