TestCloud
Prep • Practice • Perform
Log In

LIC Names Dinesh Pant and Ratnakar Patnaik as New Managing Directors.

Appointment | Dated: 22 May 2025

In May 2025, the Government of India (GoI) approved the appointment of Dinesh Pant and Ratnakar Patnaik as Managing Directors (MDs) of Mumbai (Maharashtra)-based Life Insurance Corporation (LIC) of India, effective from June 1, 2025.

🎯 Key Highlights:

  • - Dinesh Pant and Ratnakar Patnaik will succeed Jagannath Mukkavilli and Tablesh Pandey, who will retire on May 31, 2025.

💡 Other Important Facts:

  • (i) Dinesh Pant, currently serving as the Appointed Actuary & Executive Director (Actuarial) at LIC, will assume the MD role and serve until his superannuation on May 31, 2027, or until further orders.
  • (ii) Ratnakar Patnaik, presently the Executive Director (Investment - Front Office) & Chief Investment Officer at LIC, will serve as MD until his superannuation on March 31, 2028, or until further orders.

📚 Test Your Knowledge:

With whom was Dinesh Pant recently appointed as Managing Director (MD) of LIC, effective from June 1, 2025?

Correct Answer: Ratnakar Patnaik

🚀 Quick Recap: