LIC has appointed former Reliance Nippon Life Insurance CFO Sunil Agrawal as the IPO-bound insurer's CFO, Bloomberg reported. Agrawal served as Nippon's CFO for 12 years till 2018. Prior to that, he worked for ICICI Prudential Life Insurance for five years. He replaced LIC Executive Director Shubhangi Soman and is the first outsider to be appointed to the position.