Thursday 7th August 2025

R. Doraiswamy Appointed CEO & MD of LIC: A New Chapter for India’s Insurance Giant

Jul 14th, 2025 7:14 pm | By | Category: LATEST NEWS

R Doraiswamy
MD & CEO -LIC of India


(THE NEWSMAN OF INDIA.COM)
India’s insurance behemoth, the Life Insurance Corporation of India (LIC), is set to welcome a seasoned insider to its top post. The government has appointed R. Doraiswamy, currently Managing Director at LIC, as its next Chief Executive Officer and Managing Director for a tenure of three years—or until he turns 62 in August 2028.

This appointment comes at a time when LIC is navigating the complex terrain of being both a deeply trusted social institution and a publicly listed company accountable to shareholders. With over 250 million policyholders and assets under management surpassing ₹45 lakh crore, LIC’s scale is unmatched in the Indian financial sector. Leading it demands a unique balance of financial expertise, institutional memory, and sensitivity to the social contract LIC has long embodied.

R. Doraiswamy’s career trajectory makes him a natural fit for the challenge. A lifelong LIC officer, he has risen through the ranks with decades of experience across functions—from underwriting and policy servicing to marketing and zonal administration. Known for his understanding of LIC’s vast branch network and customer base, Doraiswamy is often described by colleagues as a steady, no-nonsense administrator with a keen sense of the Corporation’s ethos of trust.

His appointment also signals continuity in LIC’s leadership approach: nurturing top executives from within. This “insider” tradition has helped LIC maintain stability even amid industry upheavals, such as liberalisation, rising competition from private insurers, and the landmark IPO that brought the Corporation to the stock market in 2022.

In his new role, Doraiswamy will be expected to steer LIC through multiple challenges. These include improving market share in a competitive environment, deepening penetration in underserved segments, modernising digital channels without alienating traditional customers, and balancing policyholder interests with shareholder expectations. The government’s choice suggests a preference for experienced stewardship over radical shake-ups.

For India’s insurance landscape, LIC remains more than just a market player—it’s a trusted brand interwoven with the country’s financial security story. Under Doraiswamy’s leadership, LIC will need to maintain this legacy even as it adapts to changing market dynamics. For a corporation built on collective trust, handing over the reins to someone who knows its DNA intimately may well be its best bet for a sustainable future.



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