Ramchandran Doraiswamy Becomes First Full-Term CEO & MD Of LIC Post Restructuring

Life Insurance Corporation of India (LIC) announced that Ramchandran Doraiswamy has taken over as its Chief Executive Officer and Managing Director (CEO & MD), following a government notification dated July 14, 2025.

Doraiswamy is the first to serve as CEO and MD under LIC’s revamped leadership model, which consolidated the roles of Chairman and Managing Director into a single executive position following regulatory changes introduced in 2021.

This structural shift, brought in through an amendment to the LIC Act via the Finance Act, was designed to align LIC’s governance framework with SEBI norms in preparation for its 2022 stock market debut.

Doraiswamy brings over 38 years of experience across operations, marketing, technology, and academics. Before assuming his current role, he held key positions, including Executive Director (IT/Software Development), Regional Manager (Marketing and Pension & Group Schemes), and Senior Divisional Manager of the Kottayam Division. He has also served as Marketing Manager in the Chennai-I, Thanjavur, and Pune divisions. At the National Insurance Academy, Pune, he contributed as a Research Associate, working on microinsurance, insurance law, product development, and academic content for insurance programmes. Doraiswamy holds a mathematics degree from Madurai Kamaraj University and is a Fellow of the Insurance Institute of India and a student member of the Institute of Actuaries of India.

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