LIC Names Ramakrishnan Chander as New Managing Director
- LIC appoints Ramakrishnan Chander as Managing Director effective December 1
- Chander brings 35 years of experience across marketing, administration, and investments
- Appointment comes as LIC posts strong Q2 and H1 FY26 financial performance
State-owned Life Insurance Corporation of India (LIC) has appointed Ramakrishnan Chander as its new Managing Director, effective December 1. Chander previously served as the Executive Director (Investment - Front Office) and Chief Investment Officer before stepping into his new role.
Chander began his journey with LIC in 1990 as an Assistant Administrative Officer. Over the past 35 years, he has held several key leadership positions, including Senior Divisional Manager, Regional Manager (Marketing), and Regional Manager (P&GS). He also headed LIC’s Strategic Business Unit overseeing International Operations as Executive Director. A graduate and a Fellow of the Insurance Institute of India, Chander brings deep experience in both marketing and administrative functions.
His appointment comes at a time when LIC is showing steady growth. For the second quarter of FY26, the insurer reported a 31% year-on-year rise in consolidated net profit, touching Rs 10,098 crore compared to Rs 7,728 crore a year earlier. Net premium income for the quarter grew 5.5% to Rs 1,26,930 crore.
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LIC’s first-year premium rose to Rs 10,884 crore in Q2 FY26, up from Rs 7,566 crore in the previous quarter. Renewal premiums increased to Rs 65,320 crore, while single premium collections stood at Rs 50,882 crore. For the first half of FY26, LIC posted a 16% growth in profit after tax, reaching Rs 21,040 crore. Total premium income also increased 5% to Rs 2,45,680 crore during the same period.
The insurer also saw strong momentum in its individual non-par segment, with APE growing 30.47% to Rs 6,234 crore in H1 FY26.
