M R Kumar was on Wednesday appointed the Chairman of Life Insurance Corporation of India (LIC), according to a Personnel Ministry order. LIC Chairman MR Kumar about LIC IPO. He was also Regional Manager (Marketing ) and Regional Manager (P&IR) at Kolkata and Chennai. Newly named chairman Kumar was earlier appointed as the zonal manager in charge of the northern zone of LIC, will hold the new post for five years, said a Personnel Ministry order. He was zonal manager (in-charge) of the North Zone for five ⦠Shri M R Kumar presently Zonal Manager (In-charge), North Zone, LIC, New Delhi, has been appointed as Chairman, Life Insurance Corporation of India (LIC) for a period of five years . He will be replacing Mr. V.K. Subscribe to The Banking & Finance Post, Asia and the Middle East’s leading magazine capturing every update on the BFSI sector. The Narendra Modi government, on Wednesday, appointed M R Kumar as the Chairman of Life Insurance Corporation (LIC). Kumar takes over from Hemant Bhargava who had been the Acting Chairman since January. Kumar has been with LIC for 36 years, having joined the insurer in 1983 as a direct recruit officer. He was the Zonal Manager of North Zone and will hold the post of the LIC Chairman for five years. T C Suseel Kumar and Vipin Anand have been appointed as Managing Directors of the LIC for five years. Kumar, who had joined LIC as a ⦠Mumbai: In an exclusive interaction with ET NOW, LIC chairman MR Kumar talked about the growth and trends emerging in the insurance business post-COVID-19.He stated that pandemic has created enormous awareness that the company had been trying to create for decades and now in the last 3-4 months people have realised that insurance is a primary financial product. Get a chance to meet the Who's who of the NBFCs and Insurance industry. After ⦠Kumarâs appointment might be delayed because of the model code of conduct for the upcoming general elections, said two officials aware of the developments. NEW DELHI: MR Kumar, currently serving as an executive director at Life Insurance Corporation (LIC), is likely to take over as chairman of the state-run insurance major. This gives him the in-depth experience required to steer LIC. Life Insurance Corporation (Lanka) Ltd. 2011. The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. The appointments were announced in an official communiqué issued by the Appointments Committee of the Cabinet. To Subscribe Free, Click Here. Registered Under Sri Lanka Company Act 07. Kumar’s appointment is announced as former chairman V K Sharma superannuated in December 2018. Suseel Kumar was earlier the zonal manager in charge of the south-central zone at Hyderabad. The LIC's executive board consists of Chairman, currently M R Kumar, and Managing Directors, Vipin Anand, T. C. Suseel Kumar, Mukesh Kumar Gupta and Raj Kumar The Central Office of LIC is based out of Mumbai which sits The Chairman, all four Managing Directors, and all Executive Directors (Department Heads). T C Suseel Kumar and Vipin Anand have been appointed as Managing Directors of the LIC for five years. MR Kumar likely to become LIC chairman 11 Mar, 2019, 11.37 PM IST Acting chairman Bhargava may get three-month extension as model code of conduct could delay Kumarâs appointment. The government appointed MR Kumar as the Chairman of Life Insurance Corporation (LIC) and Vipin Anand and TC Suseel Kumar as the managing directors ⦠M R Kumar appointed LIC chairman. He lives by the adage, that there is no substitute for hard work and sincerity ...and… if there is any,…then it is …more hard work and more sincerity. 7A/7B, 5th Floor, Tower – 2 Annexe Building, C-25, Sector – 62, Noida, Uttar Pradesh – 201309, India. MR Kumar, chairman of Indiaâs largest insurer, due for an IPO next year, on his management style, the book that influenced him and lessons in leadership. T C Suseel Kumar and Vipin Anand have been appointed as [â¦] Hardly 1 percent of Indiaâs largest life insurerâs loans are stressed, Kumar said at a press briefing in Mumbai. Kumar was Zonal Manager (in-charge) of North Zone and will hold the post of the LIC Chairman for five years, it said. Kumar was Zonal Manager (in-charge) of North Zone and will hold the post of the LIC Chairman for five years, it said. But LIC chairman MR Kumar prefers to do the heavy-lifting with a âgentle, but firmâ approach. He joined LIC of India in 1983 as a Direct Recruit Officer. ... MR Kumar appointed new Chairman of LIC. M R Kumar LIC Chairman. 5 IPS Officers inducted in CBI. During his tenure several initiatives were rolled out for the benefit of the employees His rich experience working pan India, right from North to South and East to West including the heartland states of India while heading Kanpur Zone, has given him a deep insight into the demographics and insurance potential of the country. He had joined LIC ⦠Mr. Kumar will be taking over the position from Mr. M.D. Sudhir Chandra Kumar appointed director in the Ministry of Coal. Ahmedabad in Western Zone and Ernakulum in Southern Zone as Sr.Divisional Manger. M R Kumar was on Wednesday appointed the Chairman of Life Insurance Corporation of India (LIC), according to a Personnel Ministry order. Sharma, whose tenure in the company came to an end in December 2018. Moreover, working in different streams of life insurance management viz., administrative, marketing, group and social securities, has given him the twin advantages of enriched knowledge and clarity on processes and procedures in the life insurance industry. Servicing 31 crore policy holders is no simple task for any organisation, but Life Insurance Corporation of India (LIC) Chairman MR Kumar says the ⦠Also seen on the dais the Managing Directors, Mr. T C Suseel Kumar, Mr. Vipin Anand, Mr⦠M R Kumar is Chairman at Life Insurance Corp of India. People believe that insurance is a Primary Financial Product. He headed two prestigious divisions i.e. Join Us for Upcoming Events and explore business opportunities. Exposure to stressed firms wonât have an impact on the valuation of its planned initial public offering of Life Insurance Corporation of India, according to its Chairman MR Kumar. CLICK here. Do you enjoy keeping up with business and finance industry? A bi-monthly magazine of The Banking & Finance Post, published by Elets Technomedia Pvt Ltd, prides itself in spotting and highlighting key trends in the BFSI sector. Govt deactivates 11 lakh PAN: Find out how to check your... 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He took over as the chairman in March 2019, after having worked with the insurance colossus in various capacities and departments for over three and a half decades. Kumar, the newly-appointed chairman of Life Insurance Corporation of India (LIC), has taken charge on Thursday.Mr. Govt appoints new LIC Chairman and 2 Managing Directors. Besides Bhargava, LIC has two other Managing Directors — B Venugopal and Sunita Sharma. Kumar was Zonal Manager (in-charge) of North Zone and will hold the post of the LIC Chairman for five years, it said. He had joined LIC ⦠Kumar as the chairman of LIC. Alongwith Kumar, the DoPT also announced the appointment of TC Suseel Kumar and Vipin Anand as Managing Directors for a period of five years New Delhi: According to an order released by the Department of Personnel and Training (DoPT), MR Kumar has been appointed as the chairman of Life Insurance Corporation (LIC) of India. Advertising with The Banking & Finance Post, a unique opportunity to reach a huge global audience in the BFSI domain, we assure to present your brand’s message in a bigger and more beautiful way than any other platform. LIC Chairman MR Kumar about LIC IPO: Has the work started on making LIC IPO (initial public office)? The Centre has appointed M R Kumar as the new chairman of the Life Insurance Corporation (LIC). Kumar will hold the Chairman ⦠© 2020 All rights reserved | Elets Technomedia Pvt Ltd, Bharti AXA Life recruits 10,000 new employees during FY19, WPI inflation inflates to 2.93% in February, PNB Housing Finance issue bonds to LIC, raises Rs 2,500 crore, LIC Recruitment 2019: LIC Assistant Exam postponed, check new dates here, Govt to infuse Rs 9,000 crore in IDBI as bailout money, LIC HFL Recruitment 2019: Apply for 300 posts, LIC Recruitment 2019: ADO online preliminary examination result announced, SBI Recruitment 2019: Apply for Specialist Officers. Life Insurance Corporation of India (LIC) on Thursday said MR Kumar has taken over charge as its Chairman. Kumar, who was the state-run insurance firm's Zonal Manager of North Zone, will hold the post of the Chairman for a period of five years. On India Revival Mission today, LIC Chairman, MR Kumar decodes his understanding of the economy, what is happening in the insurance sector and where will the economy move ahead after the COVID-19 crisis.MR Kumar says, âCOVID-19 has created enormous awareness about insurance. The government also announced the appointment of Suseel Kumar and Vipin Anand as managing directors of the corporation. The government also announced the appointment of Suseel Kumar and Vipin Anand as managing directors of the corporation. Stellar IT Park, Office No. Home Company News MR Kumar likely to become LIC chairman MR Kumar likely to become LIC chairman ShimlaTimes Tuesday, March 12, 2019. Kumarâs appointment is announced as former chairman V K Sharma superannuated in December 2018. The chairman of LIC will serve as IDBI Bankâs non-executive chairman, as well. He joined LIC of India in 1983 as a Direct Recruit Officer. An avid reader, he considers people to be the biggest assets of the organization and firmly believes that tapping their potential and giving them the space to grow has a multifold effect on the growth of the organization.