FSIB recommends Pant and Patnaik for two MD vacancies at LIC

FINANCE

FSIB recommends Pant and Patnaik for two MD vacancies at LIC

AIMPWA

March 2, 2025

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The Financial Services Institutions Bureau (FSIB) has recommended the candidatures of two Executive Directors – Dinesh Pant and Ratnakar Patnaik – of the Life Insurance Corporation of India for appointment as Managing Directors at the public sector life insurance behemoth.

FSIB interfaced with 8 candidates on February 20 for two positions of MDs in LIC.

Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommended Pant and Patnaik for the upcoming vacancies dated June 1, 2025.

The aforementioned recommendations are against vacancies that will be created due to the superannuation of current MDs – Jagannath M and Tablesh Pandey.

Pant is currently an Appointed Actuary & Executive Director (Actuarial). Patnaik is currently Executive Director & Chief Investment Officer.

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