Usha Sangwan was appointed as the first woman managing director of the Life Insurance Corporation of India (LIC) by the Government.
She is the first woman director of LIC in its near six decades of existence.
With this appointment, LIC is set to function at its full strength of four MDs after almost two years. These would be S B Mainak, Sushobhan Sarkar, Sangwan and V K Sharma.
About Usha Sangwan :
Sangwan joined LIC in 1981 as a direct recruit. She holds a master's degree in economics and a post-graduate diploma in human resource management.
LIC is India’s largest insurer, with 83 per cent market share in terms of the number of policies, and 71 per cent in premium.
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