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Mystery unfolds; interim arrangement for LIC Chairman

By IndianMandarins- 13 Mar 2023
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New Delhi (13.03.2023): Contrary to the much hyped reports about likely extension to incumbent Chairman of LIC Mangalam Ramasubramanian Kumar, the Centre swung a surprise by making an interim arrangement for LIC.
The government has appointed Siddhartha Mohanty as the interim chairman of Life Insurance Corporation of India (LIC) for three months starting March 14, 2023. Currently, Mohanty is MD and CEO of LIC Housing Finance. He was appointed as the MD of Life Insurance Corporation (LIC), effective February 1, 2021. Siddhartha Mohanty was nominated to serve as the MD of LIC until his superannuation in place of TC Suseel Kumar who was scheduled to retire on January 31, 2021.

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