FSIB recommends R Doraiswamy as MD and CEO of LIC

The Financial Services Institutions Bureau (FSIB) has recommended Doraiswamy Ramchandran (R. Doraiswamy), the current Managing Director of Life Insurance Corporation of India (LIC) for the position of Chief Executive Officer and Managing Director (CEO & MD) at LIC.

FSIB interviewed four candidates from Life Insurance Corporation of India (LIC) on June 11, 2025 for the position of CEO & MD in LIC. “Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends R Doraiswamy for the position of CEO & MD in LIC,” said FSIB.

A Graduate in Mathematics from Madurai Kamaraj University, Doraiswamy has 38 years of experience across operations, marketing, technology, and academics. He was instrumental in rolling out of Employee's Front End Application Program (eFEAP) Next, centralization of ULIP systems, automation of repetitive processes etc Prior to taking charge as managing director, Doraiswamy was executive director (information technology/software development). He had headed the southern zonal office, Chennai.


Following the end of Siddhartha Mohanty's term on June 7, the government appointed Sat Pal Bhanoo as the interim MD and CEO of LIC for a three-month term, effective from June 8 to September 7, 2025.