Siddhartha Mohanty took charge as the new Managing Director (MD) of Life Insurance Corporation of India on February 1, 2021. He has been appointed for a tenure of over two years till June 30,2023 or until his superannuation. The LIC has a top management tier comprising of Chairman (MR Kumar) and four Managing Directors (MDs). The other three MDs are BC Patnaik, Mini Ipe and Raj Kumar.