Sat Pal Gets Addl Charge As LIC MD & CEO

New Delhi: LIC on Sunday said Sat Pal Bhanoo has given additional charge of MD and CEO following approval of the Department of Financial Services.

“The Department of Financial Services, Ministry of Finance, vide its letter dated June 7, 2025 conveyed the approval of competent authority, entrusting financial and administrative powers and functions of the CEO and MD, for a period of 3 months with effect from June 8, 2025, that is up to September 7, 2025 or till assumption of charge of the post by the regular incumbent,” LIC said in a regulatory filing. Bhanoo is the seniormost among the four LIC MDs. The vacancy was created by the completion of the term of Siddhartha Mohanty as CEO and MD on June 7, 2025.