LIC, United India Insurance, Oriental Insurance and Agriculture Insurance Co are without fulltime heads for months
GN Bureau | December 6, 2016
After a long wait, the finance ministry has completed the interview process to select two managing directors of LIC and the heads of three general insurance companies, United India Insurance, Oriental Insurance and Agriculture Insurance Company, the Indian Express reported Tuesday.
These four public sector insurers have been without a fulltime chairman for several months. The ministry had carried out interviews for the two MD posts before declaring the results of the interviews for selecting the chairman and one MD of LIC conducted earlier.
The ministry had conducted a similar exercise for the posts of chairman and MD of LIC, but the outcome is still awaited.
In September, LIC MD VK Sharma, the top contender for the chairman’s post, was given additional charge as chairman, when SK Roy was relieved of his duties. Roy resigned in June, nearly two years ahead of his retirement.
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