The federal government has appointed Siddhartha Mohanty as interim chairperson of the Life Insurance coverage Company of India for a interval of three months with impact from March 14. Mangalam Ramasubramanian Kumar, the present chairperson of LIC completes his time period on Monday.
Mohanty will take cost because the interim chairperson along with his personal duties. He’s at the moment the managing director and chief govt officer of LIC Housing Finance.
Previous to taking up as MD & CEO of LIC Housing Finance, Mohanty was the housing finance firm’s chief working officer. Mohanty was a direct recruit officer with LIC in 1985 and earlier than becoming a member of LIC Housing Finance, he was govt director- authorized with LIC.