Life Insurance Corporation of India (LIC) has announced a key leadership change. R Doraiswamy has officially ceased to be the Managing Director of LIC, effective July 14, 2025, following his elevation as the Chief Executive Officer and Managing Director of the Corporation.
This transition comes in line with the Government of India’s notification (F. no. A-11011/06/2024-Ins.I) dated the same day. The regulatory filing under SEBI’s Listing Regulations was shared by LIC to inform stakeholders about this significant update in its top management.
In the exchagne filings, the company shared, ” This is to inform that Shri R Doraiswamy, has ceased to be the Managing Director of the Life Insurance Corporation of India (“the Corporation”), with effect from July 14, 2025, upon assumption of charge as Chief Executive Officer and Managing Director of the Corporation, in terms of Government of India’s notification F. no. A-11011/06/2024-Ins.I dated July 14, 2025.”
With this move, R Doraiswamy now assumes the dual role of CEO and MD, taking charge of steering India’s largest life insurer into its next phase of growth and operations. While further details of his appointment or background weren’t necessary in this instance, LIC has confirmed that the change has been made in accordance with the required governance norms.
