SK Roy Appointed as the New Chairman of Life Insurance Corporation

Jun 15, 2013 14:51 IST

The Government of India decided to appoint SK Roy as the new Chairman of Life Insurance Corporation of India (LIC). SK Roy, on 31 May 2013 was appointed as the Managing Director of LIC after retirement of the then MD, D K Mehrotra. On 31 May 2013, Thomas Mathew T was appointed as the interim chairman.

Five candidates were interviewed by the Government of India for the designation of Chairman of LIC, who included managing director Sushobhan Sarkar, LIC Housing Finance MD & CEO V K Sharma as well as three executive directors, S B Mainak, Roy and Usha Sangwan.

About SK Roy

• SK Roy joined LIC in the year 1981 as the direct recruit officer of eleventh batch.
• He maintained crucial positions in LIC and these included area manager, LIC HFL, secretary (legal), chief (SBU-estate), regional manager (P&IR) and executive director (marketing /bancassurance & alternate channels).
• He remained the Zonal Manager of North Central Zone from 2009 to 2011. He remained the in-charge of Eastern Zone from 2011 to 2013.

It is worth noticing that LIC is the largest life insurer of India. In terms of the policies, it has 83 percent market share as well as 71 percent regarding premiums. For 2012-13 financial year, LIC accumulated a total business premium of 76246 crore Rupees.

Is this article important for exams ? Yes58 People Agreed

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK