Chairman of LIC Life Insurance Corporation of India / SK Roy
Chairman of LIC
The government of India appointed S.K. Roy as the new
chairman of Life Insurance Corporation of India (LIC).
S.K. Roy will succeed D.K. Mehrotra, who retired in May.
S.K Roy, who is presently the Managing Director in the
organisation, would be succeeding D K Mehrotra, and is being appointed the
Chairman of LIC for a period of 5 years.
Total five candidates were interviewed by the Government of
India for the post of Chairman of LIC, which includes managing director
Sushobhan Sarkar, LIC Housing Finance MD & CEO V K Sharma as well as three
executive directors, S B Mainak, Roy and Usha Sangwan.
Roy
joined LIC in 1981 and has since held various positions. He was heading the
corporation’s international operations and was elected as managing director on
31st May 2013.
About LIC ( Life Insurance Corporation of India )
LIC is the country's largest life insurer with 83 per cent
market share in terms of number of policies and 71 per cent in terms of premiums.
It's a state-owned company where Government of India has
100%stake. LIC also funds close to 24.6% of the Indian Government's expenses.
It has assets estimated of 1,325,000 crore (US$240 billion). It was founded in
1956 with the merger of 245 insurance companies and provident societies
