Life Insurance Corporation of India has appointed Ramakrishnan Chander as managing director, effective 1 December 2025, according to an official notification issued by the Ministry of Finance’s Department of Financial Services.
Chander previously served as executive director (Investment–Front Office) and was named as chief investment officer at LIC earlier this year. He joined the corporation in 1990 as an assistant administrative officer and brings 35 years of experience across marketing, administration and investment functions.
The executive will serve in the position until his superannuation on 30 September 2027, or until further orders are issued, according to the ministry notification.
Chander’s appointment comes amid reports that the government is considering a US$1bn–US$1.5bn stake sale by year-end to help lift LIC’s public float to 10%, with discussions understood to remain exploratory and subject to market conditions.
