S. B. Mainak appointed LIC MD

 

 

 

With plans to invest Rs 2.5 lakh crore in bonds and equities, LIC gets S.B. Mainak as its managing director.

 

 

The Centre has appointed S. B. Mainak, Executive Director, LIC, who will hold office from the date of assuming charge till February 29, 2016. 

 

Last fiscal, LIC  had invested in aggregate close to Rs 2.25-lakh crore in bonds and equities. For the current fiscal, LIC expects a 15 per cent growth in first year premium income. This is against a contraction seen last fiscal.