Life Insurance Corporation of India (LICI) announced that Shri Sat Pal Bhanoo, its Managing Director, has taken on additional charge of the financial and administrative powers and functions of the Chief Executive Officer and Managing Director of the Corporation.
This additional charge is effective from June 08, 2025.
The tenure for this additional responsibility is for three months, until September 07, 2025, or until a regular incumbent assumes charge, or until further orders, whichever is earliest.
Shri Sat Pal Bhanoo joined LICI in October 1988 and holds a bachelor’s degree in History (Hons.).
He has extensive experience across various departments and roles within the Corporation, including heading divisions like Bengaluru-1 and Shimla, and serving as Regional Manager for Corporate Communications and Micro Insurance. He also held important roles such as Chief (Senior Business Associate) in Central Office Marketing and Regional Manager (Personnel & Industrial Relations), Northern Zone, Delhi.
Before becoming Managing Director, he was the Zonal Manager (I/C) of Central Zone, Bhopal.