Ramakrishnan Chander Takes Charge as Managing Director of LIC

Ramakrishnan Chander has been appointed as the Managing Director of the Life Insurance Corporation of India (LIC), effective December 1, 2025.  

This appointment follows a notification from the Government of India, marking a significant leadership change within the corporation. 

Ramakrishnan Chander's Appointment Details 

Shri Ramakrishnan Chander, previously serving as the Executive Director (Investment – Front Office) and Chief Investment Officer at LIC, has assumed the role of Managing Director.  

His appointment is in the pay scale of ₹2,05,400 to ₹2,24,400. He will serve in this capacity until September 30, 2027, or until further orders, whichever comes first. 

With this new role, Chander steps down from his previous position, bringing his extensive experience to the forefront of LIC's leadership. 

Professional Journey of Ramakrishnan Chander 

Ramakrishnan Chander's career at LIC began in 1990 as an Assistant Administrative Officer. Over 35 years, he has gained substantial experience in both marketing and administration. His career trajectory includes roles such as Senior Divisional Manager, Regional Manager (Marketing), and Regional Manager (P&GS). 

Chander also led LIC's Strategic Business Unit – International Operations as Executive Director, showcasing his versatility and leadership skills. 

Read More: LIC Ups Stake in ACC to 10.6% and NBCC to 4.5%: Here’s What Changed! 

Life Insurance of India Share Price Performance  

As of December 2, 2025, at 9:23 AM, Life Insurance of India share price on NSE was trading at ₹887.10 up by 0.57% from the previous closing price. 

Conclusion 

The appointment of Ramakrishnan Chander as Managing Director of LIC signifies a strategic leadership transition. With his vast experience and expertise, Chander is well-positioned to lead LIC into a new era of growth and development. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.