Excelsior Correspondent
JAMMU, Jan 2: Hemant Bhargava, Managing Director LIC of India, today took additional charge as Chairman LIC of India, in place of V K Sharma, who retired on December 31.
Bhargava, who had taken over as the Managing Director in February 2017, was instrumental in completing the design and setting up a separate Micro Insurance vertical, which was LIC’s first comprehensive enterprise-wide initiative in financial inclusion space. He also set up new joint venture in collaboration with Banking industry and founded LIC Cards Services Limited, launching `LIC Card’ in 2009.
He also set up newly formed SBU-International Opera-tion to manage LIC’s operation in about 11 countries and has been instrumental in finalizing the first MoU for LIC to form a composite insurance company in the Kingdom of Saudi Arabia. He has also headed different zones.
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