India names R Doraiswamy as LIC's next managing director

Life Insurance Corporation of India (LIC) on Monday said the central government has appointed R Doraiswamy as the insurer's managing director.

Doraiswamy, who is now an executive director at the central office in Mumbai, will take over the managing director's role from Ipe Mini, the company said. The appointment is effective from the date of assumption of charge of office on or after September 1, 2023 and up to the date of his superannuation August 31, 2026, or until further orders, whichever is earlier.

The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, in June had recommended the name of Doraiswamy as MD.


The FSIB is headed by Bhanu Pratap Sharma, former secretary, Department of Personnel and Training (DoPT).

Other members of the headhunter are the secretary, Department of Financial Services, secretary, Department of Public Enterprises, IRDAI Chairman Debasish Panda, former LIC managing director Usha Sangwan and former Oriental Insurance managing director A V Girija Kumar.

(with PITI inputs)