Life Insurance Corporation of India (LIC) has announced the appointment of Ramakrishnan Chander as Managing Director, effective December 1, 2025. He will serve until his superannuation on September 30, 2027, or until further notice. Previously, he held the position of Executive Director (Investment – Front Office) & Chief Investment Officer.
New Leadership Appointment
Ramakrishnan Chander has been appointed as the Managing Director of Life Insurance Corporation of India (LIC) effective December 1, 2025. This appointment follows a notification from the Government of India dated December 1, 2025.
Terms of Appointment
Mr. Chander’s tenure will extend until September 30, 2027, coinciding with his superannuation date, or until further directives are issued. His compensation will be within the pay scale of Rs. 2,05,400/- to Rs. 2,24,400/-.
Previous Role
Prior to his new role, Mr. Chander served as Executive Director (Investment – Front Office) & Chief Investment Officer of the Corporation. With his appointment as Managing Director, he ceases to hold these previous positions.
Experience
Mr. Chander joined LIC in 1990. He holds a graduate degree and is a Fellow of the Insurance Institute of India. He has 35 years of experience in Marketing and Administration, including roles as Senior Divisional Manager, Regional Manager (Marketing), and Regional Manager (P&GS). He also directed LIC’s Strategic Business Unit – International Operations as Executive Director.
Source: BSE