LIC Appoints R Doraiswamy as New CEO and Managing Director Effective July 14

The Life Insurance Corporation of India (LIC), one of the country’s most significant public sector institutions, has undergone a key leadership change. R Doraiswamy, a veteran LIC executive, has been appointed as the new Chief Executive Officer and Managing Director of the Corporation, effective 14 July 2025. This update was formally communicated through a stock exchange filing and a notification from the Government of India.

Leadership Transition at LIC

R Doraiswamy has officially taken over as the Chief Executive Officer and Managing Director of LIC, starting 14 July 2025. His appointment marks the end of his previous role as Managing Director. The company formally informed the stock exchanges of the leadership change and made the announcement public via its official website.

A Seasoned Veteran With Over 38 Years of Experience

Doraiswamy has spent more than 38 years across operational, marketing, technology, and academic functions within LIC. His senior positions include Executive Director (Information Technology/Software Development) and Regional Manager (Pension & Group Schemes) in the Southern Zonal Office, among others. He has also worked as Senior Divisional Manager of Kottayam Division and Marketing Manager in Chennai-I, Thanjavur and Pune.

Academically, Doraiswamy has made significant contributions as a Research Associate at the National Insurance Academy, Pune, working on projects related to Micro Insurance, Insurance Law, and Postgraduate Programme design. He is a graduate in Mathematics from Madurai Kamaraj University, a Fellow Member of the Insurance Institute of India, and a student member of the Institute of Actuaries of India.

Also Read: LIC Introduces 2 New Savings Plans and a Critical Illness Rider!

LIC Share Price Performance

As of July 15, 2025, at 11:52 AM, LIC share price is trading at ₹922.20 per share, reflecting a gain of 0.63%. Over the past month, the stock has declined by about 2.83%

Conclusion

The appointment of R Doraiswamy as CEO and MD is a major development for LIC. His vast experience within the organisation is expected to drive strategic direction and reinforce LIC’s trusted standing in India’s financial landscape.

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