The Life Insurance Corporation (LIC) of India, a prominent name in the insurance industry, has officially announced the appointment of R Doraiswamy as the company’s new Managing Director. The appointment, effective from 01 September 2023, marks a significant step in LIC’s leadership team as Doraiswamy brings his wealth of experience and expertise to this pivotal role.
R Doraiswamy, currently serving as the Executive Director at the central office in Mumbai, is set to take on the role of Managing Director. In this new position, he is tasked with driving LIC’s strategic initiatives and guiding the company through its continued growth trajectory.
According to a regulatory filing, “R Doraiswamy, Executive Director (IT/SD), Life Insurance Corporation of India, Central Office, Mumbai, has been appointed as Managing Director, LIC of India with effect from the date of assumption of charge of Office on or after 01st September 2023 and up to the date of his superannuation (i.e. 31.08.2026), until further orders, whichever is earlier.