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Government Appoints New Nominee Director to LIC Board

Story Highlights

An update from Life Insurance Corp. of India ( (IN:LICI) ) is now available.

The Central Government has appointed Dr. Parshant Kumar Goyal as the Government Nominee Director on the Board of Life Insurance Corporation of India, replacing Dr. Maruthi Prasad Tangirala. This change is effective immediately and reflects the government’s strategic decision to enhance LIC’s board with Dr. Goyal’s expertise in financial inclusion and digital payments, potentially impacting LIC’s operational focus and strategic direction.

More about Life Insurance Corp. of India

Life Insurance Corporation of India (LIC) operates in the insurance industry, offering a range of life insurance products and services. It is a state-owned entity, focusing on providing insurance solutions to individuals across India, with a significant presence in the market.

YTD Price Performance: -11.05%

Average Trading Volume: 67,877

Current Market Cap: 4961.3B INR

For an in-depth examination of LICI stock, go to TipRanks’ Stock Analysis page.

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