Life Insurance Corporation of India announced that Ratnakar Patnaik, Executive Director (Investment - Front Office)) & Chief Investment Officer and Key Managerial Personnel ("KMP"), Life Insurance Corporation of India ("the Corporation"), has taken charge as Managing Director and KMP of the Corporation on June 01, 2025, in terms of the Government of India's Notification F. No. A-11011/07/2024-Ins. I dated May 14, 2025.
Consequent to his taking charge as Managing Director, he ceases to be Executive Director (Investment - Front Office) & Chief Investment Officer and KMP of the Corporation. Shri Ratnakar Patnaik started his career in Life Insurance Corporation of India in the year 1990 as Assistant Administrative Officer. During his long stint of 22 years in conventional marketing, he served the Corporation in various leadership positions such as Senior Divisional Manager (in-Charge) of Indore and Jamshedpur Divisions, Regional Manager (Chief Life Insurance Advisor), Eastern Zone.
He has also served as Chief (Investment - Front Office), Executive Director (Investment - Front Office), Central Office and Chief Investment Officer (KMP). A graduate in Physics (Honours) and a post graduate in Public Administration, he is also a Fellow of Insurance Institute of India and a Diploma holder of Health Insurance. Shri Ratnakar Patnaik has taken charge as Managing Director of the Corporation on June 01, 2025.
