Life Insurance Corporation of India has announced a board meeting. Shri Sat Pal Bhanoo, Managing Director, has taken additional charge of the financial and administrative powers of the Chief Executive Officer and Managing Director for three months or until a permanent appointment is made. With a long tenure since 1988 covering marketing, personnel, industrial relations, and regional management, Bhanoo’s expanded role ensures continuity in LIC’s leadership and strategic direction. This consolidation of authority supports stable operations during the transition period.