Life Insurance Corporation of India (LIC) has appointed Ramakrishnan Chander as its new Chief Investment Officer (CIO). Chander, who previously served as executive director and currently heads the investment front office, will oversee one of India’s largest investment portfolios, a responsibility that positions him among LIC’s key managerial personnel. His tenure as CIO will continue until his superannuation on September 30, 2027, marking a significant leadership transition as LIC continues to drive strong financial performance and innovation in the insurance sector.
Chander’s association with LIC began in 1990 when he joined as an assistant administrative officer after completing his post-graduate diploma in financial management. Over more than three decades, he has built a reputation for strategic acumen and operational expertise, having served as senior divisional manager in Nagpur and Hyderabad, regional manager (marketing) for the South Zone, and regional manager (pension & group schemes) for the South Central Zone. His leadership extended to international operations, where he led LIC’s Strategic Business Unit as executive director, further demonstrating his capacity to manage complex, high-stakes assignments across diverse geographies.
This appointment comes at a pivotal time for LIC, which recently reported a 38.15% year-on-year jump in standalone net profit to ₹19,012.79 crore for the quarter ended March 2025. Chander’s elevation follows the appointment of Ratnakar Patnaik as LIC’s managing director, highlighting a broader leadership reshuffle aimed at strengthening LIC’s management depth and future-readiness.
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LIC’s legacy spans over 65 years, during which it has not only maintained its dominance as India’s largest life insurer but also expanded its footprint through innovative products, such as LIC’s Yuva Term, Digi Term, and group insurance solutions, as well as digital initiatives like premium payment through a WhatsApp Bot. With Chander at the helm of its investment strategy, LIC is poised to strengthen its portfolio management further, enhance returns for policyholders, and sustain its leadership in India’s dynamic insurance market.
