New Delhi: Insurance behemoth LIC said Friday that BC Patnaik has taken charge as the managing director (MD) of the company. BC Patnaik was appointed as the MD of the company vide a government notification dated July 5, 2021, LIC said in a statement. Prior to taking charge as MD of LIC, Patnaik was the Secretary General, Council for Insurance Ombudsman, (CIO) Mumbai, it said. Patnaik, joined as a Direct Recruit Officer in 1986.
Currently, LIC has a chairman and four managing directors.