Ratnakar Patnaik, Dinesh Pant Take Charge As MDs Of LIC

06-Jun-2025

Ratnakar Patnaik and Dinesh Pant took charge as Managing Directors of Life Insurance Corporation of India (LIC) on 01 June 2025.

In a career span of 35 years in the Corporation, Ratnakar Patnaik has occupied important positions across many geographies. He was the Senior Divisional Manager of Indore and Jamshedpur Divisions and also worked as Regional Manager in the Eastern Zone.

He has made his mark in the areas of Marketing, Customer Servicing and Investment in various capacities over the years. He is Fellow of Insurance Institute of India and also holds a diploma in Health Insurance.

Prior to taking charge as Managing Director of LIC, Patnaik was Executive Director (Investment- Front Office) and Chief Investment Officer of the Corporation. He is a Graduate with Physics (Honours) and holds a Master Degree in Public Administration.

Dinesh Pant has been the Appointed Actuary and Executive Director (Actuarial) of the LIC prior to assuming the role of Managing Director.

He is a Fellow Member of the Institute of Actuaries of India and the Institute and Faculty of Actuaries, UK. Additionally, he holds degrees in Engineering and Law, along with a Master`s in Business Administration.

Source : Business World