LIC: For the first time private sector professionals will be made CEO of LIC, efforts to modernize the company

LIC Chief Executive Officer: Big news related to Life Insurance Corporation of India is coming out. LIC is going to get CEO soon like other big companies of the country. If this happens, for the first time in the 66-year history of LIC, the company will have a CEO. Till now work has been done under the leadership of LIC Chairman, but after March 2023 this post will also be abolished. The government will appoint a CEO in LIC from the private sector. What is the reason behind this? To know, you must read this news.

this is the big reason

According to media reports, government officials say that there is a need to bring LIC on a modern track in the country, and for this there is a plan to appoint the first CEO of the insurance company. The government is planning to broaden the eligibility criteria for the appointment of LIC CEO, so that private sector candidates can also apply.

Changes in the law last year

Right now the leadership of LIC is in the hands of the chairman. But after March 2023 this post will be abolished. After this, the government will appoint a CEO from the private sector. For this, changes were made in the law governing LIC last year. If this happens, for the first time in the 66-year history of LIC, the company will get a CEO. LIC manages $500.69 billion. According to sources, there has been no official response from the Finance Ministry monitoring LIC.

Investor will be strong

Another government official says that this step of the government will give good signals to the shareholders. There has been a steady decline in the share price of LIC since its listing in May last year. LIC’s share price has not even touched the IPO issue price till now. There has been a decline of up to 30 percent from the issue price, while the investor’s wealth has been lost by about $ 24.31 billion.

News Reels

LIC started WhatsApp service

Recently LIC has started Whatsapp service. With the introduction of this new facility, the customers are benefiting a lot. Now people do not have to go round the office of LIC for every small and big work. You will have to send ‘Hi’ (hi) to this mobile number- 8976862090 from your mobile number through WhatsApp app, so that you can get a chance to use many types of services. Policyholders are going to get many types of services in this service.

read this also

Twitter Blue Subscription: Tweeting will be costlier than iPhone, know how much you will have to pay, use it cheaply