Government appoints Siddhartha Mohanty as LIC Chairman for 2 years

The government on Friday officially appointed Siddhartha Mohanty as the Chairman of Life Insurance Corporation (LIC) of India. Mohanty will lead LIC as Chairman for two years until June 2024 and then become chief executive until at least June 2025, according to a government document seen by Reuters. Mohanty previously served as one of the four Managing Directors at LIC.