Agarwal, who resigned from Reliance as CFO and had spent nearly two decades as finance executive in life insurance firms, has joined LIC this month, sources said. 

In September, the State-run insurer has called for applications for the post of CFO and was in search for an appropriate person. 

Agarwal, a chartered accountant and a long-standing finance executive who worked with two major life insurance companies in the past, will take the charge at the newly created post. 

LIC did not have a chief financial officer and the position of Executive director F&A has been changed to CFO as the insurer is expected to launch India’s largest ever public issue.