The Life Insurance Corporation of India (LIC) has announced the appointment of two new officials to senior management positions on its board.
Vivek Paul and Govind Prasad Agarwal have been appointed to the roles of Senior Management Personnel.
Vivek Paul takes over as the Managing Director and Additional Director of LIC.
Govind Prasad Agarwal, who was appointed as Additional Director, has been given an additional role of Additional Director, taking over responsibilities related to marketing and product development.
The appointments reinforce the consolidation of power within the leadership team.
The appointments reflect the company’s efforts to strengthen its leadership and administrative structure.
Vivek Paul’s experience in the finance and insurance sectors will be particularly relevant to his new role.
Overall, the changes aim to provide continuity and consolidation within the organization amid significant market conditions.