Question: Recently Hemant Bhargava was appointed as Managing Director of which of the following state-owned Life Insurance Company?
(a) General Insurance Corporation of India (GIC)
(b) Life Insurance Corporation (LIC)
(c) Oriental Insurance Company Limited
(d) United India Insurance Company Limited
Ans: (b)
Related facts:
- On 10 February 2017; Hemant Bhargava was appointed as Managing Director of state-owned Life Insurance Corporation (LIC) of India.
- The Appointments Committee of Cabinet has approved Bhargava’s appointment to the post till his superannuation, i.e., July 31, 2019.
- Presently V K Sharma is the chairman of Life Insurance Corporation (LIC).
- Whereas Usha Sangwan is a Managing Director at Life Insurance Corporation of India.
- Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai.
Reference:
https://www.licindia.in/getattachment/5d0d9a49-6319-46d6-96a9-53b3d16bdac3/SHRI-HEMANT-BHARGAVA-TAKES-CHARGE-AS-MANAGING-DIRE
http://www.business-standard.com/article/pti-stories/hemant-bhargava-appointed-lic-s-md-117021000279_1.html