In a post on X, LIC of India (@LICIndiaForever) announced on Sunday that Sat Pal Bhanoo has been given additional charge as Chief Executive Officer and Managing Director for three months starting June 8, 2025. This follows the Ministry of Finance’s Department of Financial Services approval dated June 7, 2025.
The appointment, effective until September 7, 2025, or until a new CEO and MD takes over, comes after Siddhartha Mohanty’s term ended on June 7. Mohanty, who began his journey with LIC as an apprentice officer in 1985, concluded a long and distinguished tenure at the insurance giant.
Bhanoo is currently the seniormost among LIC’s four Managing Directors.
