- Government of India R. Duraiswamy as the Managing Director of Life Insurance Corporation of India (LIC). He is working in the central office of Mumbai.
- The National Insurance Company said in a notice sent to the stock exchanges that he has been appointed as the Managing Director of LIC in place of Mini IPE.
Life Insurance Corporation of India
- Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai.
- It is India’s largest insurance company as well as the largest institutional investor with total assets under management of ₹45.7 trillion (US$570 billion) as of March 2023. It is owned by the Government of India and under the administrative control of the Ministry of Finance.
- Life Insurance Corporation of India was established on 1 September 1956 when the Parliament of India passed the Life Insurance of India Act, nationalizing the insurance industry in India.
- Over 245 insurance companies and provident fund societies were amalgamated.