Who is appointed as the new managing director of LIC in January, 2021?

Correct option is A

The correct answer is (a) Siddhartha Mohanty.

• Siddhartha Mohantywas appointed as the new Managing  Director of Life Insurance Corporation (LIC) in January 2021.
• Prior to this role, Mohanty served in various key positions within LIC, contributing to its strategic operations and growth.

Information Booster

Life Insurance Corporation (LIC) 

• Established: 1st September 1956

• Incorporated by: Indian Government through the Life Insurance Corporation Act, 1956.

• Merging of Insurance Companies: LIC was formed by the nationalization of 245 private life insurance companies.

• Headquarters: Mumbai, Maharashtra

• Founder: Government of India

• Primary Role: LIC is the largest life insurance company in India, providing life insurance policies and investment products to the Indian population.

• Life Insurance Products: Includes endowment policies, term insurance, ULIPs (Unit Linked Insurance Plans), pension plans, health insurance, and micro-insurance policies.

• Serving Millions: LIC has over 300 million policyholders, making it one of the largest life insurers in the world.