New Delhi: The Central government has announced the appointment of Siddhartha Mohanty as the Chairperson of Life Insurance Corporation of India (LIC) until June 29, 2024. He will serve as the Managing Director and Chief Executive Officer until June 7, 2025, as stated by LIC in a release.

Mohanty, who is currently the Managing Director, had been serving as the interim Chairperson of the state-run life insurance company since March 14, replacing M R Kumar, whose term ended on March 13, 2023.

In 1985, Mohanty started working for LIC as a trainee officer and has gained significant experience in the insurance industry. He has held various positions in the past, including COO and CEO of LIC Housing Finance Ltd, senior divisional manager in Raipur and Cuttack, and chief in legal and investment monitoring and accounting. /BI/