Archive · 28 Jul 2026
LIC Appoints New CFO and Chief Risk Officer
The Life Insurance Corporation of India (LIC) has appointed two new top executives.
Shatmanyu Shrivastava is the new Chief Financial Officer (CFO), and Varadarajan Muthuvenkataraman is the new Chief Risk Officer (CRO).
Both have a lot of experience working at LIC.
Shrivastava has been with LIC for over 30 years and has worked in many different roles.
He is also a chartered accountant and has helped LIC follow the rules after its initial public offering (IPO).
Muthuvenkataraman has also been with LIC for over 30 years and has worked in many leadership roles.
The new appointments are expected to help LIC manage its money better and follow the rules more carefully.
LIC appoints Shatmanyu Shrivastava as new CFO and Varadarajan Muthuvenkataraman as new CRO.
Both appointments approved by LIC’s Board of Directors.
Shrivastava has over three decades of experience and is a Fellow Member of the Institute of Chartered Accountants of India.
Muthuvenkataraman has over three decades of experience and has held several leadership positions at LIC.
Appointments aim to strengthen LIC’s financial oversight and risk management framework.
- Who
- Life Insurance Corporation of India (LIC)
- What
- Appointed new CFO and Chief Risk Officer
- When
- July 28
- Where
- New Delhi
- Why
- To strengthen financial oversight and risk management
Strengthening Financial Oversight
Regulatory Compliance and Risk Management
Leadership Appointments
Strengthening Financial Oversight
The appointments of Shatmanyu Shrivastava as CFO and Varadarajan Muthuvenkataraman as CRO are seen as strategic moves to enhance LIC's financial management and risk oversight.
Regulatory Compliance and Risk Management
The new roles are expected to strengthen LIC's compliance with regulatory requirements and improve its risk management framework.
- Company
- Life Insurance Corporation of India (LIC)
- New CFO
- Shatmanyu Shrivastava
- New CRO
- Varadarajan Muthuvenkataraman
- Appointment Date
- July 28
- Tenure
- Until superannuation or further orders
- Experience of Shrivastava
- Over three decades
- Experience of Muthuvenkataraman
- Over three decades