Overview

• Sat Pal Bhanoo stepped in as LIC’s acting MD and CEO on June 8, 2025, following Siddhartha Mohanty’s exit.
• The Ministry of Finance’s Department of Financial Services signed off on Bhanoo’s interim role on June 7.
• His tenure runs through September 7, 2025, or until the regular incumbent takes charge.
• As the senior-most among LIC’s four managing directors, Bhanoo was selected to ensure operational stability.
• Mohanty, who joined LIC as an apprentice officer in 1985, concluded his long career at the insurer this week.