The government appointed Siddhartha Mohanty as the chairman of Life Insurance Corporation of India till June 2024. Mohanty, who had been serving as the interim chairman of the corporation since March 14, 2023, will be the managing director and chief executive officer of the insurance behemoth from June 2024 till June 2025. After MR Kumar's term as chairman ended on March 14 of this year, the government had previously approved the appointment of Mohanty as the interim chairman of LIC for a period of three months.