Bishnu Charan Patnaik Assumes Charge As MD of Life Insurance Corporation

Bhubaneswar: Odisha born Bishnu Charan Patnaik has assumed the charge As the Managing Director of the Country’s largest Insurance company Life Insurance Corporation Of India of the LIC. According to a release from the LIC, Bishnu Charan Patnaik has been elevated to the rank of Managing Director of LIC of India from 1st October 2021 vide Government of India notification dated 5″” July 2021.

Born in 1963, Bishnu joined the Life Insurance Corporation 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 Managing Director of LIC, he was Secretary General, Council for Insurance Ombudsmen, (CIO) Mumbai. Before joining the Council for Insurance Ombudsmen, he was Director, Zonal Training Centre, North Central Zone, Agra.

In a career span of over three decades in the Corporation, Patnaik has occupied important positions and made his mark in the areas of Marketing, New Business, Personnel, Pension and Group Savings and Customer Relationship Management. He has served as Regional Manager (Marketing), Western Zonal office covering States of Maharashtra, Gujarat and Goa. He has also worked as Regional Manager (CRM), North Central Zone and Regional Manager (Bancassurance) in Eastern Zone. He was Senior Divisional Manager in-charge of Jamshedpur and Berhampur Divisions of LIC of India.

A native of Bhaliakhai near Bhanjanagar in Ganjam district, Bishnu is an alumnus of the Utkal University.

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