The Financial Services Institutions Bureau has recommended R Doraiswamy for the position of Chief Executive Officer and Managing Director (CEO & MD) in Life Insurance Corporation of India (LIC).
Doraiswamy has been a Managing Director at India’s biggest life insurer since September 2023.
FSIB said it interfaced with four candidates from LIC on June 11, 2025 for the position of Chief Executive Officer and Managing Director (CEO & MD) in the Corporation. The four candidates are: Doraiswamy, Sat Pal Bhanoo, Dinesh Pant and Ratnakar Patnaik.
“Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends Shri R Doraiswamy for the position of CEO & MD in LIC,” the Bureau said in a statement.
The government recently entrusted Bhanoo the financial and administrative powers and functions of the Chief Executive Officer and Managing Director (CEO & MD) of the Corporation for three months with effect from June 08, 2025.
The aforementioned appointment is up to September 07, 2025 or till assumption of charge of the post by the regular incumbent, or until further orders, whichever is the earliest, per a Department of Financial Services, Ministry of Finance, notification.
Bhanoo has been assigned the financial and administrative powers and functions of CEO & MD of the Corporation following completion of the term of Siddhartha Mohanty as CEO & MD.