Insurance behemoth Life Insurance Corporation of India (LIC) said B C Patnaik has taken charge as the Managing Director (MD) of the company. He was appointed as Managing Director vide a Government notification dated July 5, 2021.

Born in 1963, B C Patnaik joined LIC of India in March 1986 as a Direct Recruit Officer. He holds a Master’s Degree and is a Fellow of Insurance Institute of India.

Prior to taking charge as MD of LIC, Patnaik was the Secretary General, Council for Insurance Ombudsman (CIO), Mumbai. Patnaik, joined as a Direct Recruit Officer in 1986. Currently, LIC has a Chairman and four Managing Directors.