Govt extends M R Kumar's term as LIC chairman till March 13, 2022

Kumar's term as LIC chairman was supposed to end on June 30, 2021, but the center has extended his term by almost nine more months till March 13, 2022.

The appointments committee of the cabinet on Wednesday approved the extension of M R Kumar as the chairman of state-owned insurance behemoth Life Insurance Corporation of India (LIC). 

Kumar’s term as LIC chairman was supposed to end on June 30, 2021, but Centre extended his term by almost nine more months till March 13, 2022

In a notification, the government said, “The appointments committee of the cabinet has approved the proposal of department of financial services for extension of the term of MR Kumar as chairman of LIC beyond his currently notified term, which expires on 30.06.2021, till 13.03.2022 i.e