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HomeMarket NewsFSIB recommends R Doraiswamy for CEO and MD role at LIC
According to an official notification dated June 11, 2025, the Bureau interfaced with four candidates from LIC for the top post. The selection was based on their performance during the interface, overall experience, and evaluation against the extant parameters.
By Asmita Pant June 11, 2025, 4:31:25 PM IST (Published)
The Financial Services Institutions Bureau (FSIB) has recommended R Doraiswamy for the position of Chief Executive Officer and Managing Director (CEO & MD) of the Life Insurance Corporation of India (LIC).
According to an official notification dated June 11, 2025, the Bureau interfaced with four candidates from LIC for the top post. The selection was based on their performance during the interface, overall experience, and evaluation against the extant parameters.
"Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends Shri R Doraiswamy for the position of CEO & MD in LIC," the FSIB stated.
Doraiswamy, who has been serving as LIC's MD since 2023, has more than 38 years of experience in Operations, Marketing, Technology and Academics, according to the official website. He has held various leadership positions within the organisation, including Executive Director (Information Technology/Software Development).'
On June 8, Sat Pal Bhanoo was assigned the financial and administrative powers and functions of the Corporation’s Chief Executive Officer and Managing Director for three months or until a new CEO assumed charge.
