R Doraiswamy, managing director, LIC
Among four MDs, Doraiswamy is the second senior most MD among existing four MDs followed by Pant and Patnaik. After getting approvals from the government, he will be getting a term of over three years till August 31, 2028 as MD&CEO of the corporation when he will will turn 62
New Delhi: The Financial Services Institutions Bureau(FSIB) has selected Ramachandran Doraiswamy, 58, managing director, Life Insurance Corporation, for the position of CEO & MD of the corporation.
Since June 2024, the LIC’s chairman post has been bifurcated into two separate posts- MD&CEO and non-executive chairman.
The FSIB, the head hunting agency for selecting officials above executive directors of state owned financial institutions, had interfaced with 4 existing MDs-Sat Pal Bhanoo, Doraiswamy, Dinesh Pant and Ratnakar Patnaik- of the corporation today for the position of CEO & MD in LIC.
Among four MDs, Doraiswamy is the second senior most MD among existing four MDs followed by Pant and Patnaik. After getting approvals from the government, he will be getting a term of over three years till August 31, 2028 as MD&CEO of the corporation when he will will turn 62.
Doraiswamy, serving as MD at LIC since September 1, 2023,has more than 37 years of diverse experience in operations, Marketing, Technology and Academics.
The post of MD & CEO at LIC has fallen vacant after Siddartha Mohanty retired on last Friday after turning 62.
Keeping in view their performance in the interface, their overall experience and the extant parameters, the FSIB has recommended Doraiswamy as the next MD & CEO of the corporation, said FSIB.
Both Pant and Patnaik, who were earlier executive directors of the corporation, had taken charge as new MDs on June 1
The government, in the last week, had appointed senior most MD Bhanoo, as the acting MD & CEO of the corporation for the next three months.
Doraiswamy is a graduate in Mathematics from Madurai Kamaraj University, Fellow Member of Insurance Institute of India and a student member of Institute of Actuaries of India.
As Research Associate at National Insurance Academy, Pune he has worked on multiple projects on Micro Insurance, Insurance Law and Regulations, Product Development and Content development for Post Graduate Programmes in Insurance Management / Chartered Financial Planning
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Congratulations….!
Excellent!! Sir has all eligibility for this post. All the very best in his new assignment. Hats off to Sir to reach this greatest height from Assistant in our Corporation ๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป
He would have joined as AAO
Hats off to Doraiswamy for his outstanding achievement, to reach the pinnacle of LIC, joining as Assistant and reach the most coveted post
Congratulations
Congratulations sir!!!!
Congratulations sir ji ๐๐๐
Congratulation sirji
Congratulations sir really deserves sir
Excellent choice of Ministry of Finance.
Congratulations!
Hearty Congrats to Sri Doraiswamy for scaling the coveted position of MD/ CEO of the Insurance behemoth, LIC of India. May the Corporation reach greater heights of glory and sustain its enviable position during his tenure spanning over 3 yrs.
HEARTY CONGRATULATIONS TO OUR NEW ESTSTEEMED CEO & MD, Shri R DORAISWAMY SIR…. VERY PROUD OF YOU SIR… I STEPED INTO MY FIRST TENURE IN MARKETING, AS THE BRANCH MANAGER (I/C) IN PERAMBALUR BRANCH UNDER HIS ABLED LEADERSHIP OF MARKETING MANAGER IN TANJORE DIVISION DURING 2007-2008. I GOT MERIT AWARD SHIELD FROM HIS GOLDEN HANDS ABOUT MY OUTSTANDING SERVICE IN RECOGNITION OF EFFORTS, SERVICE AND SUPPORT TO OUR TEAM IN 2007-2008…. THANKING YOU SIR.
A selfless extraordinary person has now come to lead this mammoth Organization. Heartiest Congratulations Sir. Hope a similar kind of leadership happens at IRDAI also for a positive future of the Insurance Industry
At this juncture he is the right person to lead the organisation at the right time. He knows the difficulties of Marketing as well as Administrative Personnel. He knows the fundamentals of insurance from the lowest level. He is still connected with all the classs of employees, a down to earth person with a high level of integrity. We will wish him good health and phenomenal success as CEO.
Congratulation
Hearty congratulations to Mr. Doraiswamy on his selection as MD/CEO of our beloved LIC of India. My Best Wishes to Mr. Doraiswamy on his new assignment. May God Bless him.
P. V. JAYARAMAN
DM (Retd)
LIC of India
Congratulation sir.. ๐
We happy and proud of our LIC CEO&MD
Lot of knowledge enthusiasm innovative thinking powerful administrative style and all of the above a dynamic leadership Shri R D Sir.. have to lead LIC in a profit way and regain Glory..
In future LIC Business will be Golden Harvest..๐ฐ๐ฐ
We are Happy and Proud of our Sir..๐ฎ๐ณ๐ฎ๐ณ๐ฎ๐ณ
Excellent Choice of Ministry of Finance
Congratulations ๐๐๐