Life Insurance Corporation of India (LIC) has announced the elevation of Mr. Varadarajan Muthuvenkataraman to the position of Additional Executive Director (Enterprise Risk Management). With over three decades of experience within the Corporation and its subsidiaries, Mr. Muthuvenkataraman brings extensive expertise to this critical leadership role, effective April 24, 2026. He will be based at the Corporation’s Central Office in Mumbai.
Strategic Leadership Appointment
LIC has officially elevated Mr. Varadarajan Muthuvenkataraman to the Senior Management position of Additional Executive Director (Enterprise Risk Management). This strategic appointment, effective April 24, 2026, aligns with the Corporation’s ongoing commitment to strengthening its risk management framework and operational leadership at its Central Office in Mumbai.
Professional Background and Expertise
Mr. Muthuvenkataraman possesses a distinguished career spanning more than three decades. Having joined the organization in 1992 as an Assistant Administrative Officer, he has held numerous leadership roles across administrative and marketing divisions in the South Central and South Zones. His academic credentials include a degree in Chemistry from the University of Madras, a fellowship from the Insurance Institute of India, and a Post Graduate Executive Programme from the Indian Institute of Management, Ahmedabad.
Extensive Industry Experience
Throughout his tenure, he has demonstrated versatile leadership, serving as Branch Manager and Divisional Manager in various capacities. His international experience includes a role as Manager (Sales) at Life Insurance Corporation (Singapore) Pte Ltd. Prior to this current promotion, he served as the Regional Manager of the Southern Regional Office at LIC Housing Finance Ltd. His deep understanding of both domestic market dynamics and international operations positions him well for his new responsibilities in Enterprise Risk Management.
Source: BSE
