R. Duraiswamy takes over as CEO & MD of Life Insurance Corporation of India

New Delhi: As per the notification issued by the Ministry of Finance, Department of Financial Services, Government of India on July 14, 2025, Shri R. Duraiswamy has been appointed as the Chief Executive Officer & Managing Director (CEO & MD) of Life Insurance Corporation of India.

He is a Direct Recruit officer of 17th Batch with more than 39 years of rich and diverse experience in operations, Marketing, Technology and Academics.

As Managing Director, Shri R. Doraiswamy headed Marketing through Bancassurance, Group Business, Customer relations, Finance, Compliance functions, et al. He has held various leadership positions within the Organization as Executive Director (Information Technology/Software Development), Regional Manager (Marketing / Chief Life Insurance Advisor), Regional Manager (Pension & Group Schemes) at Southern Zonal Office, Chennai, Senior Divisional Manager of Kottayam Division and Marketing Manager of Chennai-I, Thanjavur and Pune divisions.

He had spearheaded the modernization of IT infrastructure and Business Applications of LIC’s Individual Business as Chief & Executive Director. He achieved tremendous growth and productivity improvement in the areas of Group Insurance Marketing in Southern Zone, during his stint as Regional Manager.

As Research Associate at National Insurance Academy, Pune he has worked on multiple projects on Micro Insurance, Insurance Law and Regulations, Product Development and Content development for Post Graduate Programmes in Insurance Management & Chartered Financial Planning.

Shri Doraiswamy is a Graduate in Mathematics from Madurai Kamaraj University, Fellow Member of Insurance Institute of India and a student member of Institute of Actuaries of India.