In case you're confused about who’s currently heading LIC, you’re not alone. We recently wrote about Sat Pal Bhanoo being appointed as the interim MD & CEO of LIC, and now there’s already an update.
On Tuesday, the Financial Services Institutions Bureau (FSIB) officially recommended R Doraiswamy as the next full-time CEO & MD of LIC, sparking questions across the industry and among policyholders: "Who is the newly appointed MD and CEO of the LIC?"
So, let’s clear the air.
So, Who is the LIC MD and CEO Right Now in June 2025?
As of now, Sat Pal Bhanoo is serving as the interim MD & CEO of LIC. He took over on June 8, 2025, following the completion of Siddhartha Mohanty’s tenure. Bhanoo’s appointment is valid up to September 7, 2025, or until a new full-time CEO takes charge, whichever is earlier.
Now, R Doraiswamy, one of the four current Managing Directors at LIC since September 2023, has been recommended by FSIB to take over the top post. This isn’t a final appointment it still needs to be cleared by the Appointments Committee of the Cabinet (ACC) and other government bodies. So, until then, Bhanoo remains the acting chief.
This is why if you’re googling “who is the newly appointed MD and CEO of LIC”, you’ll find two different names. One person has been recommended. However, another is officially in charge for now.
Who is R Doraiswamy?
Doraiswamy is no stranger to LIC. He’s been with the company for over three decades, building experience across operations, marketing, technology, and even academics. He was appointed as one of LIC’s four Managing Directors in 2023, and the FSIB selected him after evaluating four candidates for the CEO position based on performance, leadership ability, and domain knowledge.
Once approved, R Doraiswamy will become the next full-time LIC MD and CEO, replacing Bhanoo.
Why LIC’s Top Post Matters
While LIC is the largest life insurer in India, it’s also an investment behemoth. In FY24, LIC collected close to 60% of the total life insurance premiums generated by all insurers in India. That’s over ₹2.2 lakh crore in annual premium income.
But beyond premiums, LIC is also one of India’s largest institutional investors, holding significant stakes across companies in banking, infrastructure, FMCG, and more. Think of it as India’s BlackRock. When LIC invests, people take notice.
This is why leadership at LIC is so closely watched. The company’s decisions don’t just impact policyholders, but also have a ripple effect across the capital markets, government investment plans, and public sentiment.
Ditto: Talk to us
While LIC is confused about its leadership, you don’t have to stay confused about your insurance. Whether it’s term insurance or life cover, we’ll help you figure out what works best for free. No spam. No misselling. Only honest advice. Book a call now!
So What’s Next?
We wait. Until government approvals come through, Sat Pal Bhanoo continues to serve as LIC’s acting CEO & MD. Once R Doraiswamy gets the official nod, he’ll step into the role and begin what could be a new chapter for India’s most influential insurance giant.
We’ll update this story as soon as the appointment is confirmed.
Last updated on
