Life Insurance Corporation of India announced that Shri R Doraiswamy has taken charge of the position of Managing Director of the Corporation on September 1, 2023, pursuant to the Government of India's Notification F. NO. A-11011/04/2023-Ins.I dated August 14, 2023. Shri R. Doraiswamy has been serving as Executive Director (Information Technology /Software Development) of LIC of India since 2022.

He is a Direct Recruit Officer with 37 years of experience in Operations, Marketing, Technology and Academics. He has held senior positions like Executive Director, Chief (IT/SD), Regional Manager of Pension & Group Schemes and Regional Manager of Marketing through Chief Life Insurance Advisor Schemes, Sr. Divisional Manager in-charge and Marketing Manager of divisions before being elevated to the cadre of Managing Director. He served as Research Associate at the prestigious National Insurance Academy, Pune on deputation for 5 years.

There, he worked on various projects on Micro Insurance, Insurance Law and Regulations, Product Development, as well as content development for Post Graduate programs in Insurance Management & Financial Planning. In the area of Information Technology in LIC of India, he has been spearheading modernisation of Business Application, portals and mobile applications, Automation of repetitive processes, centralisation of Unit Linked Business, etc., apart from overseeing LIC's technology initiatives for the IPO process. He is a Graduate in Mathematics from Madurai Kamaraj University Fellow Member of the Insurance Institute of India and a student member of the Institute of Actuaries of India.