Who has been appointed as the new chairman of Life Insurance Corporation of India?

Question

Who has been appointed as the new chairman of Life Insurance Corporation of India?

1. A. Manoj Pandey
2. B. Neeraj Ahuja
3. C. V.K. Sharma
4. D. Siddhartha Mohanty (Correct answer)

Correct Answer

Option D — Siddhartha Mohanty

Detailed Solution & Explanation

The correct answer is Siddhartha Mohanty.

Key Points

• Siddhartha Mohanty was appointed Chairman of the Life Insurance Corporation of India (LIC).
• He first took charge as CEO and Managing Director and was then elevated to the post of Chairman.
• About LIC: the Life Insurance Corporation of India was established in 1956 by nationalising and merging over 240 private life insurers, under the LIC Act, 1956.
• It is India's largest insurer and a major institutional investor, headquartered in Mumbai, and came out with India's biggest-ever IPO in 2022.
• 'appointments and who's who' questions reward a running list of heads of major institutions.

Exam Tip

• for current affairs, maintain a one-page tracker of chiefs of key bodies — RBI, SEBI, LIC, SBI, NITI Aayog, ISRO, DRDO — updated for the 6–12 months before the exam.