LIC appoints R Doraiswamy as CEO & MD

 

The union government has appointed R Doraiswamy as the new CEO and MD of the state-owned insurance behemoth Life Insurance Corporation of India (LIC).

As per the Notification issued by the Ministry of Finance, Department of Financial Services, Government of India, dated July 14, 2025, R. Doraiswamy has been appointed as the Chief Executive Officer & Managing Director (CEO & MD) of the Life Insurance Corporation of India.

He has been appointed to the post for three years, the notification said. His three-year term would end on August 28, 2028, when he attains 62 years of age.

The Financial Services Institutions Bureau (FSIB) on June 11 had recommended his name for the position.

Doraiswamy has been appointed to the role following the end of Siddhartha Mohanty's term on June 7. Before his appointment to the role, Sat Pal Bhanoo was appointed as the interim MD and CEO of LIC for a three-month term, effective from June 8 to September 7, 2025.

LIC has four managing directors, in addition to the CEO and MD, who heads the life insurance giant.