B C Patnaik takes charge as MD of LIC of India

Mumbai: Life Insurance Corp (LIC) of India on Friday announced B C Patnaik has taken charge as the managing director (MD) of the company. He was appointed as managing director vide government of India notification on 5 July, LIC said in a statement.

Patnaik joined LIC of India in March 1986 as a direct recruit officer. In a career span of over three decades in the organisation, Patnaik joined LIC of India in March 1986 as a direct recruit officer. In a career span of over three decades in the organisation, Patnaik has occupied important positions and made his mark in the areas of marketing, new business, personnel, pension and group savings, and customer relationship management.

He has served as regional manager (marketing), western zonal office covering states of Maharashtra, Gujarat, and Goa. He also worked as regional manager (CRM), North Central zone and regional manager (Bancassurance) in the Eastern zone. He was senior divisional manager in charge of the Jamshedpur and Berhampur divisions of LIC of India.