LIC appoints Tablesh Pandey as managing director

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The Life Insurance Corporation of India (LIC) on 14 March announced the appointment of Tablesh Pandey and M Jagannath as Managing Directors of the corporation.

An overview of the news

• Tablesh Pandey will take over from 1 April 2023, M Jagannath will take over from 13 March 2023.

• The two managing directors retiring from the corporation this week are Raj Kumar and BC Patnaik.

• M Jagannath joined LIC as a Direct Recruitment Officer in 1988 and has rich experience in Marketing and has held various important assignments and successfully led large teams.

• He has worked as Senior Divisional Manager in-charge of Ernakulam, Dharwad and Bangalore I Divisions.

• He also served as the Chief Executive Officer and Managing Director of LIC (Lanka) Limited, Colombo, Sri Lanka for a period of 4 years between 2009 and 2013.

• Tablesh Pandey is currently the Executive Director of the LIC.

• Siddhartha Mohanty, who is serving as the Managing Director of LIC, has taken charge of the financial and administrative powers and functions of the Chairman of LIC of India in the interim.

• LIC presently has four managing directors.