B C Patnaik takes charge as MD of LIC

LIC has said that B C Patnaik has taken charge as the managing director (MD) of the company.

B C Patnaik takes charge as MD of LIC. Image source: PTI

Insurance behemoth LIC on Friday said B C Patnaik has taken charge as the managing director (MD) of the company.

He was appointed as Managing Director vide a government notification dated July 5, 2021, LIC said in a statement.

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Prior to taking charge as MD of LIC, Patnaik was the Secretary General, Council for Insurance Ombudsman, (CIO) Mumbai, it said.

Patnaik, joined as a Direct Recruit Officer in 1986.

Currently, LIC has a chairman and four managing directors.

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LIC LIC MD Life Insurance Corporation of India (LIC)