https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

New LIC Chairman Siddhartha Mohanty Will Be Its 1st CEO From June, 2024

He began his career with LIC as a direct recruit officer in 1985 and rose through the ranks to the top position.
Indian Masterminds Stories

Siddhartha Mohanty has been appointed as the Chairman of the Life Insurance Corporation (LIC) of India by the Narendra Modi Government. He will be on this post until June 2024.

After that, Mr Mohanty will be the Managing Director and Chief Executive Officer of the insurance behemoth until June 2025 as the government has also named him as the first chief executive of the Life Insurance Corporation of India (LIC) for the term beginning in June 2024 to June 2025.

LIC, the country’s largest insurer has decided to phase out the chairman post to align with other publicly traded corporations.

WHO IS MOHANTY

Mohanty is one of four Managing Directors at LIC and was given the additional responsibility of Chairmanship for a period of three months after MR Kumar’s tenure as Chairman ended on March 13.

He began his career with LIC as a direct recruit officer in 1985 and rose through the ranks to the top position.

Mohanty has a postgraduate degree in political science and a degree in law. Mohanty also holds a postgraduate degree in business management and is a licentiate from the Insurance Institute of India.

On March 23, 2023, the Financial Services Institutions Bureau (FSIB) recommended the candidature of Siddhartha Mohanty as the next Chairman of LIC of India after it evaluated four candidates for the top LIC Job.

Mohanty work areas include marketing, human relations, investments, and legal sector.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Squadron-Leader-Manisha-Padhi
Who Is Squadron Leader Manisha Padhi, Who Becomes India’s First Woman Aide-de-Camp?
Sundarban Forest
West Bengal to Replace 56 km of Nylon Nets in Sunderbans to Prevent Tiger Intrusion into Villages - Details Inside
IRS Officer Indian revenue Services
CBI Orders Attachment of ₹7 Crore Properties in Corruption Case Involving IRS Officer Amit Nigam - Details Inside
IAS B Ashok
Setback for Kerala Govt: CAT Quashes IAS B Ashok’s Appointment as LSG Reforms Commission Chairman - Details Inside
cybercrime
How a Fake Terror Probe Call Led to a Retired Doctor Being Duped of ₹2.2 Crore by Cyber Fraudsters Posing as IPS, NIA Officers
LCA Tejas
Good News: India Set to Receive First Tejas Mk-1A Fighter Jet from HAL’s Nashik Line by June 2025 - Details Inside
South Eastern Coalfields Limited SECL
SECL Launches Internal Selection Portal to Streamline Employee Promotions - All Details Inside
BPCL_resized
BPCL Announces Senior Management Changes, Venkatraman P. Iyer Made Head of Vigilance
ADVERTISEMENT
ADVERTISEMENT
Videos
Monika Singh
Monika Singh’s Life Beyond the Bureaucracy | Video Interview 
IAS Tushar G Nikhare
Modernising Governance: A Digital Transformation in Gangtok
IMG-20250523-WA0036
Abhishek Singh's SECRET: Vipassana, Anthropology & Smart Answer Writing | Video Interview 
ADVERTISEMENT
UPSC Stories
ANUBHAV SINGH UPSC IFS 2024
9 Years, 8 Attempts, 7 Failures: How Anubhav Singh Cracked UPSC IFS 2024 with AIR 3 Against All Odds | Exclusive
Anubhav Singh’s inspiring journey to UPSC IFS Rank 3 showcases relentless perseverance, strategic preparation,...
Jogender Sihag
“I Cleared UPSC, But My Grandfather isn’t Here to Hear it,” Jogender Sihag, AIR 521, UPSC CSE 2024
"Life is short; make the most of it, whether in civil service or any other field. Just have a clear vision...
WhatsApp Image 2025-05-28 at 18.56
Didn’t Clear UPSC But Found Something Greater: A Story That Will Change How You See Success
She left a top finance job for UPSC, did not clear but built a thriving wellness brand instead. Veda's...
Social Media
Tiger jump Sundarban
Stunning Viral Video Shows Royal Bengal Tiger Making Spectacular 30-Foot Leap Across River in Sunderbans - See It Here
Retired Indian Forest Service (IFS) officer Susanta Nanda shared the clip online, which quickly went...
shubham kumar ias marriage
IAS Topper Weds BPSC Topper: Shubham Kumar Marries IRS Officer Priyangi Mehta in Patna; Wedding Video Goes Viral
Topper Couple Alert: Shubham Kumar, Priyangi Mehta’s Wedding Grabs Spotlight in Bihar
parveen kaswan elephant
Elephant Outsmarts Electric Fence! IFS Parveen Kaswan Shares Incredible Video!
In the now-viral 51-second clip, the intelligent giant approaches a wooden pole supporting high-voltage...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Squadron-Leader-Manisha-Padhi
Who Is Squadron Leader Manisha Padhi, Who Becomes India’s First Woman Aide-de-Camp?
Sundarban Forest
West Bengal to Replace 56 km of Nylon Nets in Sunderbans to Prevent Tiger Intrusion into Villages - Details Inside
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Monika Singh
IAS Tushar G Nikhare
IMG-20250523-WA0036
ADVERTISEMENT
ADVERTISEMENT