R Doraiswamy has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Life Insurance Corporation of India (LIC) by the Government of India, starting from July 15, 2025, until August 28, 2028. This appointment is significant due to LIC’s prominent position in the Indian financial sector.
Who Is R Doraiswamy?
- Over 38 years of experience at LIC in various departments
- Previous roles include Executive Director (IT/Software Development) and Regional Manager
- Worked on research projects at the National Insurance Academy in Pune
- Mathematics degree from Madurai Kamaraj University
Appointment Process and Background
- Recommended by the Financial Services Institutions Bureau (FSIB) on June 11, 2025
- Approved by the Appointments Committee of the Cabinet (ACC)
- Replaces Sat Pal Bhanoo as the interim MD and CEO
LIC and Its Leadership Structure
Life Insurance Corporation of India (LIC) is a significant financial institution in India, operating under the Ministry of Finance. The leadership includes one CEO and MD supported by four Managing Directors, aiming for organizational stability and long-term growth.
Key Takeaways for Competitive Exams
- R Doraiswamy appointed as LIC’s new MD and CEO until 2028
- His extensive experience and qualifications in various sectors
- Appointment process involving FSIB and ACC
- Importance of leadership stability for LIC’s long-term goals
