Govt extends term of IPO-bound LIC's chairman & MD by one year

The gov­ern­ment has extended the LIC chairman’s term by one year. The current term of M R Kumar, chairman of LIC, was to end on March 13, 2022.

Earlier, his term was extended by nine months in June last year. Raj Kumar, MD, has also been given a year’s extension. He was to retire on Monday.