Hemant Bhargava was on Friday appointed as Managing Director of state-owned Life Insurance Corporation (LIC) of India.
He is at present LIC's zonal manager, Delhi.
The Appointments Committee of Cabinet has approved Bhargava's appointment to the post till his superannuation, ie, July 31, 2019, an order issued by Personnel Ministry said.
The top LIC management consists of the chairman and three managing directors.
