The Centre on Monday appointed R Doraiswamy as the brand new Managing Director and Chief Govt Officer of Life Insurance coverage Company of India (LIC), the nation’s largest insurer. His time period will run for 3 years, ending on August 28, 2028, the day he turns 62.
The Division of Monetary Companies issued the notification following approval from the Appointments Committee of the Cupboard, headed by the Prime Minister. Doraiswamy’s appointment comes on the advice of the Monetary Companies Establishments Bureau (FSIB), which had proposed his title on June 11.
He succeeds Sat Pal Bhanoo, who was appointed interim MD and CEO from June 8 to September 7, 2025, after the tip of Siddhartha Mohanty’s time period on June 7.
Doraiswamy brings greater than 38 years of expertise to the highest position, with a various background spanning operations, advertising and marketing, know-how, pensions, and insurance coverage schooling.
Earlier than assuming cost as LIC MD and CEO, Doraiswamy held a number of senior positions inside the organisation. He served as Govt Director (Info Expertise/Software program Growth), Regional Supervisor (Advertising and marketing/Chief Life Insurance coverage Advisor), and Regional Supervisor (Pension & Group Schemes) at LIC’s Southern Zonal Workplace in Chennai. His earlier roles additionally embrace Senior Divisional Supervisor of the Kottayam Division and Advertising and marketing Supervisor for the Chennai-I, Thanjavur, and Pune divisions.
He has additionally labored as a Analysis Affiliate on the Nationwide Insurance coverage Academy, Pune, contributing to tasks on Micro Insurance coverage, Insurance coverage Regulation and Rules, Product Growth, and course design for Publish Graduate Programmes in Insurance coverage Administration and Chartered Monetary Planning.
Doraiswamy holds a level in Arithmetic from Madurai Kamaraj College, is a Fellow Member of the Insurance coverage Institute of India, and a scholar member of the Institute of Actuaries of India.
LIC, which is listed on Indian inventory exchanges and operates beneath the Ministry of Finance, is led by a CEO and MD, supported by 4 Managing Administrators.
