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Siddhant Mahanti is the new Chairman of LIC
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Siddharth Mahanti has been appointed as the chairman of the state-owned insurance company Jeevan Bima Corporation of India. This decision was taken in the Cabinet Appointment Committee meeting under the leadership of Siddharth Mahanti Narendra Modi on Friday.
He will serve as chairman till June next year. After serving as Chairman, he will serve as the Chief Executive Officer of LIC from June 2024 to June 2025.
Last March, Siddharth Mahanti was appointed as the interim chairman of the country's largest insurance company for three months. Before that, he was appointed as Managing Director in February 2021. Before that, he held the position of Managing Director and CEO of LIC Housing Finance.
A graduate of Political Science and Law, Siddhant Mahanti started his career in LIC in 1985 as an officer. For the last 38 years, he has handled various important responsibilities in the country's largest insurance company. Worked in Marketing, Human Resources, Investments, Legal, and Personnel Departments. He was supposed to retire as he turned 60 on June 30. But his tenure has been extended for another two years.
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