Siddhartha Mohanty appointed as new LIC chairman till June ’24

The government appointed Siddhartha Mohanty as the Chairperson of the Life Insurance Corporation of India (LIC) till June 29, 2024.

Mohanty, the current Managing Director, has been serving as the interim Chairperson of the public sector life insurer since March 14. He replaced M R Kumar, who completed his term on March 13, 2023.

Mohanty joined LIC in 1985 as an apprentice officer and has rich experience in the insurance sector.

He previously served as COO and CEO of LIC Housing Finance Ltd and has held various other positions, such as senior divisional manager of Raipur and Cuttack, chief (legal), chief (investment – monitoring & accounting), executive director (legal), amongst others.

There are three managing directors at LIC – M Jagannath, Tablesh Pandey and Mini Ipe.