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M R Kumar appointed as Chairman of LIC

Date: 15 March 2019 Tags: Appointments & Resignations
  • Appointments Committee of the Cabinet (ACC) has been appointed M R Kumar as new Chairman of Life Insurance Corporation of India (LIC).
  • He will have tenure of five years. Prior to this post, he was Zonal Manager (in-charge) of North Zone.
  • He was recommended for appointment by Banks Board Bureau (BBB). This was for first time that the BBB since its inception in 2014 by was involved in selecting top official of LIC.
  • LIC is the largest insurance company in India. It was founded in 1956 and is headquartered in Mumbai, Maharashtra.