(THE NEWSMAN OF INDIA.COM) Life Insurance Corporation of India (LIC) is set for a noteworthy leadership overhaul. On May 31, 2025, Managing Directors M. Jagannath and Tablesh Pandey will retire, marking the end of a transformative era. The Government of India has already notified their successors—Ratnakar Patnaik and Dinesh Pant—who will assume office on June 1, 2025. This change comes as LIC navigates evolving market dynamics and strengthens its competitive position. Stakeholders will look to the new MDs to build on past achievements and guide India’s largest insurer toward continued growth and innovation in the years ahead.