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Life Insurance Corporation of India (LIC) has appointed Dinesh Pant and Ratnakar Patnaik as Managing Directors of LIC of India.
Pant has been the Appointed Actuary and Executive Director (Actuarial) of the LIC prior to assuming the role of Managing Director.
Pant is a fellow member of the Institute of Actuaries of India and the Institute and Faculty of Actuaries, UK. Additionally, he holds degrees in Engineering and Law, along with a Master's in Business Administration.
On the other hand, Patnaik joined LIC of India in March 1990 as a Direct Recruit Officer. He is a graduate with Physics (Honours) and holds Master Degree in Public Administration. He is fellow of Insurance Institute of India and also holds a Diploma in Health Insurance.
Prior to taking charge as Managing Director of LIC, Patnaik was Executive Director (Investment- Front Office) and Chief Investment Officer of the Corporation.