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Siddhartha Mohanty appointed as Chairman of LIC | Daily Current Affairs Dose

Siddhartha Mohanty appointed as Chairman of LIC | Daily Current Affairs Dose

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is Siddhartha Mohanty appointed as Chairman of LIC.

Our Daily Current Affairs Dose 2023 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.

Siddhartha Mohanty appointed as Chairman of LIC | Daily Current Affairs Dose

Siddhartha Mohanty appointed as Chairman of LIC: The Government of India has appointed Siddhartha Mohanty as the Chairperson of the Life Insurance Corporation of India (LIC) till June 29, 2024.

Read Also: LIC appoints Ratnakar Patnaik as new Chief Investment Officer

Siddhartha Mohanty was serving as the interim chairman of the corporation from March 14, 2023. He replaced M R Kumar, who completed his term.

Chairman Siddhartha will be the managing director (MD) and chief executive officer (CEO) of the insurance giant from June 2024 to June 2025.

About Siddhartha Mohanty LIC Chairman 

Siddhartha Mohanty started his career as a direct recruit officer with LIC in 1985 and has risen through the ranks to this senior position.

Mohanty previously served as COO and CEO of LIC Housing Finance Limited. Before joining LIC Housing Finance, he was Executive Director- Legal with LIC of India.

Read Also: Manmeet K Nanda appointed as new MD & CEO of Invest India

In a career spanning over three decades in the Corporation, Mohanty has made his mark in the areas of Marketing, HR, Investments and Legal.

Read Also: G Krishnakumar appoints as BPCL Chairman & Managing Director

Siddhartha Mohanty has served as Chief of Investments (Monitoring), Regional Head of a marketing vertical of LIC‘s Western Zone spanning the States of Maharashtra, Gujarat and Goa. He was the Senior Divisional Manager in-charge of Raipur and Cuttack divisions of LIC.

Siddhartha Mohanty LIC Chairman: Education Life 

Siddhartha Mohanty is a Post Graduate in Political Science with a degree in Law. Other qualifications include post-graduation in Business Management and Licentiate from the Insurance Institute of India.

About LIC

Life Insurance Corporation of India (LIC) is an Indian public sector life insurance company headquartered in Mumbai Maharashtra. It is India's largest insurance company as well as the largest institutional investor with total assets under management of ₹41 trillion (US$510 billion) as of May 2022.

Important facts for upcoming exams from the above Current Affairs Topic

  • Formation of LIC: 1 September 1956
  • Full form of LIC: Life Insurance Corporation of India
  • Headquarters of LIC: Mumbai
  • Chairman of LIC: Siddharth Mohanty
  • Managing Director of LIC: B C Patnaik and Ipe Mini
  • Subsidiaries of LIC: LIC Housing Finance, LIC International Ltd, LIC Cards Services Ltd, LIC Mutual Fund Ltd, LIC Pension Fund Ltd and IDBI Bank
  • Number of employees in LIC: 114,000 (2020)

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