R. Doraiswamy, a 39-year LIC veteran, takes over as CEO & MD of LIC effective July 14, 2025. His leadership marks a new era of modernization, strategy, and institutional continuity at India’s largest life insurer.
R. Doraiswamy is now the new managing director and Managing Director of the Life Insurance Corporation of India (LIC). He will hold this position for three years, starting on July 14, 2025. Doraiswamy has worked at LIC for more than 39 years and has worked his way up through the ranks since joining as a direct recruit officer in 1986.
He takes over from Sat Pal Bhanoo, who was in charge on an interim basis after Siddhartha Mohanty retired last month. Doraiswamy’s appointment is important because he will be the first person to serve a full term as CEO and MD since the new combined leadership structure was put in place after LIC’s IPO.
Doraiswamy has held many leadership positions in marketing, IT, pensions, and operations over the course of his long career. He was the Executive Director of IT and Software Development before this, and he was in charge of big digitisation projects like eFEAP Next. His extensive knowledge of the organisation and experience in many areas should help LIC move forward with its plans for growth, modernisation, and strategies that focus on investors.
Doraiswamy has a degree in mathematics from Madurai Kamaraj University and is also a Fellow of the Insurance Institute of India. He has been on the boards and subsidiaries of LIC, such as LIC Lanka, LIC HFL Care Homes, and IDBI Bank.
His promotion comes at a very important time for LIC, as the company tries to balance its public sector legacy and shareholder expectations in a post-listing era while dealing with an insurance market that is becoming more competitive.
