M R Kumar appointed as Chairman of LIC

M R Kumar appointed as Chairman of LIC

M R Kumar appointed as Chairman of LIC

  • M.R. Kumar has been appointed as the new Chairman of Life Insurance Corporation of India (LIC). He will hold the post for the next 5 years.

  • Before him, Hemant Bhargava was the interim Chairman of LIC since the retirement of V.K. Sharma the then Chairman on December 31, 2018.

  • Apart from this T C Suseel Kumar and Vipin Anand have been appointed as Managing Directors of the LIC.

Points to remember for LIC AAO 2019 exam:

  1. Name of the Chairman of LIC?
  2. As per LIC Act, LIC can have a maximum of four managing directors (MD) and one Chairman.