New Delhi: The Government of India has appointed Ms R. Chander as the Managing Director (MD) of the Life Insurance Corporation of India (LIC), effective December 1, 2025. The tenure will continue until September 30, 2027, or until further orders, whichever is earlier, according to the official notification issued by the Ministry of Finance, Department of Financial Services.
Experienced Leader to Guide LIC’s Strategic Growth
Ms Chander, born on September 6, 1967, has been serving as the Executive Director (Investment-FO) at LIC prior to this appointment. With decades of experience in investment management and operational leadership within India’s largest life insurance company, he is expected to bring continuity and stability to LIC’s strategic initiatives.
The appointment, issued under Section 4 of the Life Insurance Corporation of India Act, 1956, was officially notified in the Gazette of India, Part II, Section 3, Sub-Section (ii). It has also been communicated to LIC management, the Insurance Regulatory and Development Authority of India (IRDAI), and relevant government offices to ensure compliance and administrative action.
Key Responsibilities as LIC’s Managing Director
As Managing Director, Ms Chander will oversee LIC’s strategic investments, policy administration, and operational priorities across the country. His role will also involve guiding the company through regulatory requirements, enhancing customer-centric services, and supporting LIC’s efforts to remain a leader in India’s insurance and financial services sector.
His appointment comes at a time when LIC continues to expand its market presence, diversify its investment portfolio, and implement innovative insurance products for millions of policyholders across India.
About LIC of India
Life Insurance Corporation of India (LIC), a state-owned public sector undertaking, is the largest life insurer in the country. Established under the Life Insurance Corporation Act of 1956, LIC provides life insurance coverage, pension plans, and investment management services to millions of policyholders across India. The corporation has been instrumental in mobilizing savings, supporting social welfare initiatives, and contributing to the growth of the Indian economy through responsible financial management and strategic investments.
