LIC appoints Ramakrishnan Chander as Managing Director

Life Insurance Corporation of India (LIC) on Monday announced that Ramakrishnan Chander has taken charge as Managing Director of the state-owned insurer with effect from December 1.

Chander, who was serving as Executive Director (Investment – Front Office) and Chief Investment Officer, ceases to hold those roles upon assuming charge as MD, the corporation said.

He will serve as Managing Director till his superannuation on September 30, 2027, or until further orders, whichever is earlier, according to the filing.

Chander joined LIC in 1990 as an Assistant Administrative Officer and has 35 years of experience across marketing, administration and international operations.

A Fellow of the Insurance Institute of India, he has previously held roles such as Senior Divisional Manager, Regional Manager (Marketing) and Regional Manager (P&GS), and also headed LIC’s international operations as Executive Director.

LIC Q2 results

Last month, the state insurer reported a consolidated net profit of ₹10,098 crore for the July-September quarter of the current fiscal year (Q2 FY26), up 31% from ₹7,729 crore posted in the year-ago period.

The company's net premium income jumped 5.4% year-on-year (YoY) to ₹126,930 lakh crore during the reporting quarter, rising from ₹120,326 lakh crore in Q2 FY25.

The PSU firm’s first-year premium was at ₹10,884 crore in Q2 FY26 as compared to ₹7,566 crore in Q1 FY26 and Rs 11,245 crore in the year-ago period. In Q2 FY26, the renewal premium stood at ₹65,320 crore, rising sequentially from ₹60,179 crore in Q1 FY26 and ₹62,236 crore YoY.

The single premiums were at ₹50,882 crore, falling from ₹52,008 crore in Q1 FY26. However, it rose from ₹46,997 crore in Q2 FY25.

Its net investment income stood at ₹112,528.25 crore for the reporting quarter, while the solvency ratio was stable at 2.13 as against 1.98 YoY.