The state-run insurer LIC has named Ramakrishnan Chander as its newest Managing Director, effective from December 1, 2025. Chander brings a rich experience of over 35 years, having joined LIC in 1990 as an Assistant Administrative Officer. Over time, he has held significant roles — from Senior Divisional Manager and Regional Manager (Marketing, Pension & Group Schemes) to heading LIC’s international operations as Executive Director.
Just before this elevation, Chander was LIC’s Chief Investment Officer (CIO) and Executive Director of the Investment — Front Office. In that role, he oversaw one of the largest investment portfolios in India.
The new MD position will remain with him until his superannuation on September 30, 2027, or until further orders.
LIC’s leadership change comes at a time when the insurer is navigating shifting market dynamics and seeking to strengthen its operational and financial performance. With Chander at the helm, expectations are high that his deep institutional knowledge and investment-management experience will guide LIC toward stable growth.
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