R. Doraiswamy assumes charge as LIC CEO and MD 

R. Doraiswamy took charge as Chief Executive Officer and Managing Director of the Life Insurance Corporation of India (LIC) on Monday.

This follows the Department of Financial Services, Ministry of Finance, notification appointing Mr. Doraiswamy, MD, as the CEO and MD of the State-owned insurer for three years from the date of assumption of charge or till his attaining the age of 62 years (i.e., August 28, 2028), or until further orders, whichever is the earliest.

Consequent to his taking charge, Sat Pal Bhanoo, MD, ceases to hold the financial and administrative powers and functions of the CEO and MD.

LIC said Mr. Doraiswamy is a direct recruit officer of 17th batch with more than 39 years of rich and diverse experience in operations, Marketing, Technology and Academics. As MD, he headed marketing through bancassurance, group business, customer relations, finance and compliance functions.