LIC to Appoint New Managing Directors

The Indian government has decided to appoint two new Managing Directors at Life Insurance Corporation of India (LIC).

Ratnakar Patnaik and Dinesh Pant, who are currently Executive Directors, will take on these roles.

Pant, the appointed Actuary, will serve until May 31, 2027, or until further notice.

Patnaik, the Chief Investment Officer, will serve until March 31, 2028, or until further notice.

These appointments are part of the government's efforts to manage and oversee LIC.