New Delhi (19.02: 2023): The Centre is set to extend the term of Life Insurance Corporation of India (LIC) chairman M R Kumar by another six months. Kumar’s tenure is up to March 2023 and another extension, if given to Kumar, would be his third.The Centre is likely to invite applications for the position of LIC chairman and during his extension, the government of India will get the time to decide on his successor. The government had appointed Kumar in 2019 as the LIC chief and he was at the post till June 30, 2021.The first extension was given to him from July 2021 to March 2022 and this was followed by a second one to March 2023 so that the life insurance major could complete its mammoth Initial Public Offering (IPO).
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LIC chairman likely to get third extension
By IndianMandarins - 2023-02-19 09:09:00
New Delhi (19.02: 2023): The Centre is set to extend the term of Life Insurance Corporation of India (LIC) chairman M R Kumar by another six months. Kumar’s tenure is up to March 2023 and another extension, if given to Kumar, would be his third.
The Centre is likely to invite applications for the position of LIC chairman and during his extension, the government of India will get the time to decide on his successor. The government had appointed Kumar in 2019 as the LIC chief and he was at the post till June 30, 2021.
The first extension was given to him from July 2021 to March 2022 and this was followed by a second one to March 2023 so that the life insurance major could complete its mammoth Initial Public Offering (IPO).
