Bissoy.com
Doctors Medicines MCQs Q&A

Who has taken charge as the Managing Director (MD) of Life Insurance Corporation (LIC) in October 2021?

Who has taken charge as the Managing Director (MD) of Life Insurance Corporation (LIC) in October 2021? Correct Answer B C Patnaik

The correct answer is B C Patnaik.

Key Points

  • B C Patnaik has taken charge as the Managing Director (MD) of Life Insurance Corporation (LIC).
  • He was appointed as Managing Director via a government notification dated July 5, 2021.
  • Prior to taking charge as MD of LIC, Patnaik was the Secretary-General, Council for Insurance Ombudsman, (CIO) Mumbai.
  • Currently, LIC has a Chairman and four Managing Directors.
    • Chairperson: M R Kumar
    • Managing Director: Mukesh Kumar Gupta, Raj Kumar, Siddhartha Mohanty, Ipe Mini

Additional Information

  • About LIC:
    • Life Insurance Corporation of India is an Indian statutory insurance and investment corporation.
    • It is under the ownership of Ministry of Finance, Government of India.
    • It is headquartered in Mumbai.
    • It was founded on 1 September 1956.

Related Questions

The government has held internal preliminary discussions over a possible infusion of fresh capital in debt-laden IDBI by Life Insurance Corporation of India (LIC) but no decision has been taken on selling its stake in the bank to the insurer, said a senior official. LIC would use that amount to capitalize the bank to maintain its capital adequacy ratio. It would not be a stake sale by government. The government is expected to hold discussions with banking, insurance and market regulators before taking a final call.  Which of the following can be logically deduced from the statement above?
Following are the shortilisting criteria for a candidates to be called for Interview for the post of Deputy Manager in an Insurance company. The candidate must (i) be at least 30 years and not more than 35 years as on 1st January, 2020. (ii) be a graduate in any discipline. (iii) have done MBA with specialisation in insurance with at least 75% marks. (iv)have at least one year post qualification work experience in an insurance company. (v) have secured at least 60% of marks in the screening test conducted by the company. (vi) a native of Maharashtra. However, if the applicant fulfills the above mentioned criteria except a) at (iv) above, the case may be referred to the General Manager of the company. b) at (v) above, the case may be referred to the Chief Manager of the company. c) at (vi) above but has studied Marathi as one subject in class 10, his case will be referred to Divisional Manager of the company. Rekha Kesharwani is 32 years old as on 1st Jan 2020. She has done B.Sc. from a university in Uttar Pradesh. She has done her post graduation in Business administration with a specialisation of Insurance from a reputed institute at Pune in 2016. She has scored 75% marks in the screening test conducted by the company. She is working as a development officer in LIC of India. What decision about Rekha Kesharwani can be taken on the basis of the information given above?
Who among the following was/were appointed as the managing director/directors of Life Insurance Corporation (LIC) in March 2019?
In the question below, two statements followed by two assumptions 1 and 2 are given. You have to take every statement to be true and then understand both the assumptions together and decide which of these are implicit in the statement? Statements: In our company, the number of employees is high. That is why, I want to propose a life insurance policy for everyone, → Managing Director of the company. Assumptions: 1. It is mandatory for all companies to provide life insurance policy to their employees. 2. The insurance policy is very useful for employees and their families.
An independent director means a director other than a managing director or a whole-time director or a nominee director who does not have any material or pecuniary relationship with the company/directors. Which of the following should be the number of Independent Directors in every listed public company (fraction is to be rounded off to one)?
Which of the following has successfully implemented their iAML (Anti Money Laundering) solution at India’s insurance giant, the Life Insurance Corporation of India (LIC)?
In February 2022, which of the following has announced the signing of the Insurance Broker Agreement for the distribution of Life Insurance Corporation (LIC) products on its platform?
In July 2021, who has taken charge as the new Managing Director of the National High-Speed Rail Corporation Ltd (NHSRCL)?
Who among the following was appointed as the Managing Director of Life Insurance Corporation in February 2021?
In September 2021, which of the following has successfully implemented their iAML (Anti Money Laundering) solution at Life Insurance Corporation of India (LIC)?