(THE NEWSMAN OF INDIA.COM) Following the appointment of R Doraiswamy as Managing Director & CEO of Life Insurance Corporation of India (LIC), one Managing Director position has become vacant. The Financial Services Institutions Bureau (FSIB) has not yet indicated whether it will conduct interviews or initiate the process to fill the post.

LIC, which usually has four Managing Directors, is presently functioning with three — Saptal Bhanoo, Dinesh Panth, and Ratnakar Patnaik. Another MD is set to retire by the end of 2025, which may reduce the number to two, in addition to the MD & CEO. Timely appointments are seen as important for ensuring leadership continuity and smooth operations at the organisation.