Chairman of LIC Life Insurance Corporation of
India / SK Roy
Chairman of LIC
The government of
India appointed S.K. Roy as the new
chairman of Life Insurance Corporation of India (LIC).
S.K. Roy will succeed D.K. Mehrotra, who retired in May.
S.K Roy, who is presently the Managing Director in the organisation, would be succeeding D K Mehrotra, and is being appointed the Chairman of LIC for a period of 5 years.
Total five candidates were interviewed by the Government of India for the post of Chairman of LIC, which includes managing director Sushobhan Sarkar, LIC Housing Finance MD & CEO V K Sharma as well as three executive directors, S B Mainak, Roy and Usha Sangwan.
About LIC ( Life Insurance Corporation of
LIC is the country's largest life insurer with 83 per cent market share in terms of number of policies and 71 per cent in terms of premiums.
It's a state-owned company where Government of India has 100%stake. LIC also funds close to 24.6% of the Indian Government's expenses. It has assets estimated of 1,325,000 crore (US$240 billion). It was founded in 1956 with the merger of 245 insurance companies and provident societies
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