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Prakash Mohanty Appointed as the New Chairman of LIC.

Appointments | Dated: 23 Apr 2026

The Appointments Committee of the Cabinet explicitly approved the deeply critical appointment of veteran insurance executive Prakash Mohanty as the completely new Chairman of the Life Insurance Corporation of India (LIC).

🎯 Key Highlights:

  • He officially replaces Siddhartha Mohanty after the completion of his successful term.
  • He formerly served as the strictly influential Managing Director at LIC.
  • His core mandate includes thoroughly increasing digital policy distributions.

💡 Other Important Facts:

  • Appointee: Prakash Mohanty.
  • Role: Chairman.
  • Organization: LIC.

📚 Test Your Knowledge:

Who has been recently appointed by the government as the completely new Chairman of the Life Insurance Corporation of India (LIC)?

Correct Answer: Prakash Mohanty

🚀 Quick Recap:

About LIC

  • Full Form - Life Insurance Corporation of India
  • Founded - 1 September 1956