The government has announced S K Roy as the new chairman of state-run largest insurance company LIC (Life Insurance Corporation of India).
Roy, who is presently a Managing Director in the organisation, would be
succeeding D K Mehrotra, whose term as LIC chief ended on May 31. The
government had interviewed five candidates for the post of the chairman,
including managing director Sushobhan Sarkar, LIC Housing Finance MD
& CEO V K Sharma, and three executive directors, S B Mainak, Roy and
Usha Sangwan. Roy was shortlisted from among those five candidates.
Roy, who was elevated as LIC’s managing director last month, will get a
five-year term as chairman.