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Life Insurance Corporation of India has announced a leadership change with Shri Ratnakar Patnaik stepping in as Managing Director. Patnaik, who joined LIC in 1990, brings extensive experience from senior investment and regional management roles. His tenure is set until March 31, 2028, or until further notice. This appointment reinforces LIC’s strategic focus on strengthening its investment operations and overall management, signaling stability and continuity for stakeholders.