Life Insurance Corporation (Lanka) gets new MD/CEO

Life Insurance Corporation of India, the parent company of LIC (Lanka) Ltd., has announced the appointment of R. Rajnikanth as the Chief Executive Officer from 27 June.

R. Rajnikanth

He succeeds S.C. Pattanayak who moved back to India on completion of his tenure.

Rajnikanth is an alumni of the prestigious Indian Institute of Technology, Bombay having completed his Master of Science in Physics. He has also done MBA (Marketing) from Indira Gandhi National Open University, New Delhi. He joined LIC of India as Direct Recruit Officer in the year 1988. He has a noteworthy career spanning three decades across various domains such as Information Technology, Marketing, Housing Finance and Training with commendable achievements at several locations in India. Starting his career in a branch, he had a long stint in IT, Mumbai. 

He made significant contribution as Manager, IT Mumbai and Head of the Management Services in LIC Housing Finance Ltd. He headed Guwahati Division and later was CEO of LIC HFL Financial Services Ltd., a subsidiary company of LIC HFL. His other assignments include Regional Manager (South Central Zone) in Health Insurance, Secretary, Direct Marketing, CO and Faculty Member of National Insurance Academy at Pune. He has international experience of about four years as Manager, IT in LIC, United Kingdom. His most recent posting was General Manager, Recovery at LIC HFL Corporate Office.

He co-authored an academic paper “Impact of Covid-19 Pandemic on the Life Insurance Industry” published in the Bima Quest Magazine, National Insurance Academy, Pune. 

LIC (Lanka) Ltd. looks to fortify its position in the life insurance sector by leveraging Rajnikanth’s vast experience and unique skill. Under the guidance of Rajnikanth, LIC Lanka looks forward to scale greater heights and achieve a significant position in the Sri Lankan life insurance market.