logo
FSIB recommends R Doraiswamy as MD and CEO of LIC

FSIB recommends R Doraiswamy as MD and CEO of LIC

Time of India12-06-2025
The Financial Services Institutions Bureau (FSIB) has recommended Doraiswamy Ramchandran (R. Doraiswamy), the current Managing Director of
Life Insurance Corporation of India
(LIC) for the position of Chief Executive Officer and Managing Director (CEO & MD) at
LIC
.
FSIB interviewed four candidates from
Life Insurance Corporation of India
(LIC) on June 11, 2025 for the position of CEO & MD in LIC. 'Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends
R Doraiswamy
for the position of CEO & MD in LIC,' said FSIB.
A Graduate in Mathematics from Madurai Kamaraj University, Doraiswamy has 38 years of experience across operations, marketing, technology, and academics. He was instrumental in rolling out of Employee's Front End Application Program (eFEAP) Next, centralization of ULIP systems, automation of repetitive processes etc Prior to taking charge as managing director, Doraiswamy was executive director (information technology/software development). He had headed the southern zonal office, Chennai.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Husband Sold Son's Car After Bad Grades. Parents Turned Pale When He Did This As Revenge
Beach Raider
Undo
Following the end of
Siddhartha Mohanty
's term on June 7, the government appointed
Sat Pal Bhanoo
as the interim MD and CEO of LIC for a three-month term, effective from June 8 to September 7, 2025.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

LIC launches two new plans - Nav Jeevan Shree Plan 911 & 912; check details
LIC launches two new plans - Nav Jeevan Shree Plan 911 & 912; check details

Time of India

time19 hours ago

  • Time of India

LIC launches two new plans - Nav Jeevan Shree Plan 911 & 912; check details

New Delhi: Life Insurance Corporation of India (LIC) has launched two new plans that offer several premium paying options to buyers. The two plans combine savings and protection and are designed to help buyers meet their financial needs at various stages of life. The Nav Jeevan Shree Plan 912 is an endowment plan that offers guaranteed additions of 8.5% to 9.5% of the annual premium. The actual rate of the guaranteed additions depends on the term of the policy. The minimum term of the plan is 10 years, while the maximum term is 20 years. But the premium paying term can be shorter. Premiums can be paid for 6, 8, 10 and 12 years depending on the term of the plan. Younger buyers will especially find this flexibility appealing. The investible surplus of an individual reduces in later years due to mounting expenses and liabilities. Those who don't want to keep paying the premium every year will find the Nav Jeevan Shree Plan 911 more suitable. It is a single premium policy that works on the fill-it-shut-it-forget-it principle. Individuals who have a large investible surplus may also find this a good place to park that money. The minimum age of entry is 30 days and maximum age is 60 years. The minimum sum assured is Rs 5 lakh, and there is no maximum limit. Endowment policies like Nav Jeevan Shree offer returns of around 6%, but the big draw is the tax treatment of the maturity amount. Since these are life insurance plans, the maturity amount received by the insured person is tax free under Section 10(10d). However, the 2023 budget had set limits on this tax benefit. If the annual premium amount of all policies bought after 1 April 2023 exceeds Rs 5 Lakh, then the maturity amount will be taxed at the slab rate applicable to the buyer. Though change in tax rules has made life insurance less attractive for HNIs and UHNIs, for the common buyer the threshold of Rs 5 lakh annual premium is high enough to let him enjoy tax-free maturity amount. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

LIC sharpens focus on younger generation with two new plans
LIC sharpens focus on younger generation with two new plans

The Hindu

time21 hours ago

  • The Hindu

LIC sharpens focus on younger generation with two new plans

Life Insurance Corporation of India (LIC) has introduced Nav Jeevan Shree and Nav Jeevan Shree Single Premium, two non-par, non-linked individual plans combining both savings and protection features. LIC's Nav Jeevan Shree is to cater to all the needs of individuals, specifically younger generation, who wish to fulfill their dreams, goals, responsibilities and also provide security. The other, single premium policy is meant for building corpus along with providing life insurance. In the current environment when interest rates are very volatile, the two Plans, which were launched by CEO and MD (In-Charge) Sat Pal Bhanoo, provide guaranteed additions throughout the policy term, the State-owned insurer said. Minimum age at entry should be 30 days (completed) and maximum, at entry, is 60 years for both plans. Nav Jeevan Shree (Plan 912) is a limited premium endowment plan with guaranteed additions as a per cent of tabular premium. Premiums can be paid in terms of 6, 8, 10 & 12 years. Minimum policy term is 10-16 years and maximum policy term 20 years. Minimum basic sum assured will be ₹5 lakh. Under the single premium Nav Jeevan Shree (Plan 911), guaranteed additions will accrue at the rate of ₹85 per thousand basic sum assured at the end of each policy year from the inception till the end of policy term. Minimum policy term is 5 years and maximum 20 years and minimum basic sum assured ₹1 lakh.

Gold ETFs turned Rs 10,000 monthly SIP into nearly Rs 10 lakh in 5 years. Have you missed the gold rush?
Gold ETFs turned Rs 10,000 monthly SIP into nearly Rs 10 lakh in 5 years. Have you missed the gold rush?

Economic Times

time2 days ago

  • Economic Times

Gold ETFs turned Rs 10,000 monthly SIP into nearly Rs 10 lakh in 5 years. Have you missed the gold rush?

Gold ETFs have delivered impressive returns over the past five years. A monthly SIP of Rs 10,000 in some funds grew to almost Rs 10 lakh. LIC MF Gold ETF and UTI Gold ETF showed strong performance. Gold ETFs saw inflows in May, indicating renewed investor interest. Experts suggest this is due to stable gold prices and global uncertainties. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in MF The yellow commodity-based ETFs have turned a Rs 10,000 monthly SIP into nearly Rs 10 lakh in just five years, an analysis by ETMutualFunds showed. Around 11 funds have marked their presence in the market for the last five years. LIC MF Gold ETF turned this Rs 10,000 monthly SIP into Rs 9.93 lakh with an XIRR of 20.93% in the last five years. The total invested amount was Rs 6 lakh in the mentioned period. UTI Gold ETF turned a similar SIP investment of Rs 9.92 lakh with an XIRR of 20.87% in the said India Gold ETF turned the same SIP amount to Rs 9.91 lakh with an XIRR of 20.83%. Axis Gold ETF and ICICI Pru Gold ETF turned the monthly SIP of Rs 10,000 to Rs 9.90 lakh each with an XIRR of 20.79% and 20.77% respectively in the same time Birla SL Gold ETF, HDFC Gold ETF, and Kotak Gold ETF turned the monthly investment to Rs 9.88 lakh each in the similar time period. Aditya Birla SL Gold ETF offered an XIRR of 20.71% whereas the other two delivered an XIRR of 20.70% Gold ETF gave an XIRR of 20.59% in the last five years and turned the same SIP to Rs 9.86 lakh in the mentioned the last five years, Quantum Gold Fund ETF turned Rs 10,000 SIP to Rs 9.84 lakh followed by Nippon India ETF Gold BeES , the largest gold ETF based on assets India ETF Gold BeES turned Rs 10,000 SIP to Rs 9.83 lakh with an XIRR of 20.50% in the last five years. The scheme manages an asset of Rs 20,836 crore as on May 31, May 2025, Gold ETFs received inflows of around Rs 291 crore from an outflow of Rs 5.82 crore in April. An expert is of the opinion that the renewed traction in May signals a gradual return of investor interest, likely driven by resilient gold prices and sustained global uncertainties that reinforce gold's appeal as a strategic uptick also shows that investors are regaining confidence in gold, as it continues to offer stability amid mixed signals from equity and bond markets,' said Nehal Meshram, Senior Analyst – Manager Research, Morningstar Investment Research India.'Furthermore, the relative stability in gold prices through May have provided a more attractive entry point for investors looking to build or rebalance allocations toward safer assets,' Nehal added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store