Shri R Doraiswamy takes charge as MD of LIC

Shri R Doraiswamy Executive Director, Information Technology/Software Development, Life Insurance Corporation of India, Central Office, Mumbai, has taken charge of the position of Managing Director of the Corporation on September 1st, 2023, pursuant to the Government of India's Notification F. NO. A-11011/04/2023-Ins.I dated 14th August 2023.

Consequent to his taking charge as Managing Director, he has also ceased to be Executive Director, Information Technology/Software Development, a Senior Management Personnel position.

Shri R. Doraiswamy has been serving as Executive Director (Information Technology / Software Development) of LIC of India since 2022. He is a Direct Recruit Officer with 37 years of experience in Operations, Marketing, Technology and Academics. He has held senior positions like Executive Director, Chief (IT/SD), Regional Manager of Pension & Group Schemes and Regional Manager of Marketing through Chief Life Insurance Advisor Schemes, Sr. Divisional Manager in-charge and Marketing Manager of divisions before being elevated to the cadre of Managing Director. He served as Research Associate at the prestigious National Insurance Academy, Pune on deputation for 5 years. There, he worked on various projects on Micro Insurance, Insurance Law and Regulations, Product Development, as well as content development for Post Graduate programs in Insurance Management & Financial Planning. In the area of Information Technology in LIC of India, he has been spearheading modernisation of Business Application, portals and mobile applications, Automation of repetitive processes, centralisation of Unit Linked Business, etc., apart from overseeing LIC's technology initiatives for the IPO process. He is a Graduate in Mathematics from Madurai Kamaraj University, Fellow Member of the Insurance Institute of India and a student member of the Institute of Actuaries of India.

Shares of Life Insurance Corporation Of India was last trading in BSE at Rs. 645.25 as compared to the previous close of Rs. 650.80. The total number of shares traded during the day was 43171 in over 1974 trades.

The stock hit an intraday high of Rs. 655.45 and intraday low of 643.15. The net turnover during the day was Rs. 28027860.00.

Source : Equity Bulls

Keywords

LIC LifeInsuranceCorporationofIndia INE0J1Y01017 MD