Life Insurance Corporation of India announced the appointment of Siddhartha Mohanty, Managing Director as Chairperson of the company, with effect from April 29, 2023.
According to the company’s exchange filing, “In continuation of our earlier filing dated 28th April 2023, regarding the appointment of Shri Siddhartha Mohanty, Managing Director, as Chairperson of LIC of India, pursuant to the Government of India’s Notification F. no. A-11011/02/2023-Ins.I dated 28th April, 2023, we wish to inform that Shri Siddhartha Mohanty has taken charge of the position of Chairperson of the Corporation on April 29, 2023.”
Siddhartha Mohanty joined the Life Corporation of India in the year 1985 as an Apprentice Officer and has rich experience in the insurance sector. He holds a Bachelor’s Degree in Law and a Master’s Degree of Arts (Political Science) from Utkal University, Bhubaneswar, Odisha. He also holds a Post Graduate Certification on Business Management from the Xavier Institute of Management, Bhubaneshwar, Odisha. He has also passed the Licentiate Examination conducted by the Insurance Institute of India in November 2002. He previously served as COO and CEO of LIC Housing Finance Limited and has held various other positions, such as, Senior Divisional Manager of Raipur and Cuttack, Chief (Legal), Chief (Investment – Monitoring & Accounting), Executive Director (Legal), amongst others. During his tenure as Chief (Legal), Mumbai, the Corporation won the “Best Insurance In-House Legal Team of the Year” at the Legal Era Awards 2013-14. He is presently Managing Director and Incharge of the Corporation.
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