M.R. Kumar, the newly-appointed chairman of Life Insurance Corporation of India (LIC), has taken charge on Thursday.
Mr. Kumar, who had joined LIC as a direct recruit officer in 1983, took over from Hemant Bhargava who had been the acting chairman since January 2019. The government had also named two MDs for LIC — Vipin Anand and T.C. Suseel Kumar.
Mr. Kumar was the zonal manager of north zone at LIC while Mr. Suseel Kumar was the zonal manager of south-central zone. Mr. Anand was the zonal manager of the western zone.