Ratnakar Patnaik appointed as new Chief Investment Officer of LIC

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On 11 April 2023 Life Insurance Corporation of India (LIC) appointed Ratnakar Patnaik as its new Chief Investment Officer.

An Overview of the News:

• Patnaik has replaced PR Mishra on this post. Earlier, Patnaik had joined LIC in September 1990 as a direct recruit officer.

Life Insurance Corporation (LIC):

• Establishment: 1956
• Headquarters: Mumbai
• It is a wholly owned company by the Government of India.
• It is the country's largest life insurance company as well as the largest investor company.
• It provides health insurance, life insurance, mutual funds, investment related services as its products.