Financial Growth

State-owned Life Insurance Corporation of India (LIC) has appointed Ramakrishnan Chander as its new Managing Director, effective December 1, 2025. Before this appointment, Chander served as Executive Director (Investment – Front Office) and Chief Investment Officer at LIC. Chander, who joined LIC in 1990 as an Assistant Administrative Officer, brings over 35 years of experience in marketing and administration. His career has spanned roles including Senior Divisional Manager, Regional Manager (Marketing), Regional Manager (P&GS), and he also led LIC’s Strategic Business Unit – International Operations as Executive Director. He is a graduate and a Fellow of the Insurance Institute of India. The appointment comes as LIC continues to report strong financial performance. In Q2FY26, the company recorded a 31% YoY growth in consolidated net profit, reaching Rs 10,098 crore, up from Rs 7,728 crore in the same period last year. Net premium income rose 5.5% to Rs 1,26,930 crore compared with Rs 1,20,326 crore in Q2FY25. During the quarter, LIC’s first-year premium stood at Rs 10,884 crore, while renewal premium grew to Rs 65,320 crore. Single premiums were at Rs 50,882 crore, slightly down from the previous quarter but higher than the year-ago period. For H1FY26, LIC reported a 16% YoY rise in PAT to Rs 21,040 crore, with total premium income reaching Rs 2,45,680 crore. Notably, Individual Business Non-Par APE surged 30.47% YoY to Rs 6,234 crore, with its share in individual business increasing to 36.31% from 26.31% in H1FY25. Source: Economic Times