Who is the current Chairman of LIC of India?
The current Chairman of LIC of India is Mr. Mangalam Ramasubramanian Kumar. Mr. M.R Kumar was appointed as The Chairman of LIC in 2019. He also previously held positions such a regional manager, and even Executive Director of LIC.
Mr. M.R Kumar was instrumental in The LIC IPO which hit the Indian Stock Market in 2022.
Mr. M.R Kumar currently holds positions in LIC, LIC Housing Finance, ACC, LIC Pension Fund, and LIC Cards Services Ltd.
Some of the key milestones of LIC of India
Let us now look at some of the most important key milestones that The LIC realized in recent memory.
- In 2022, LIC of India entered the Indian Stock Market with the biggest IPO in India’s history, at Rs 21,000 crore.
- As of 2022, LIC operates from within over 2000 branches Pan-India.
- Over 2 crore new policies were sold by LIC in 2020 alone.
- LIC of Indian is the largest asset management company in India, with assets under control worth over Rs 40 lac crores.
