Current Context : Life Insurance Corporation of India (LIC) has re-designated its chairman Siddhartha Mohanty as managing director (MD) and chief executive officer (CEO).

ABOUT LIC

• Life Insurance Corporation of India (LIC) is an Indian multinational Central Public sector life insurance company.
• Established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act.
• Headquarter : Mumbai.