PSUs

Mini Ipe, first MD of LIC, takes charge

By IndianMandarins- 02 Aug 2021
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Mumbai (05.08.2021): For the IPO-bound Life Insurance Corporation of India (LIC), Mini Ipe is the new key person who has taken over as its Managing Director. She is the first woman MD of LIC. 

Union Finance minister Nirmala Sitharaman announced in the Union Budget 2021 speech that the initial public offering (IPO) of Life Insurance Corporation of India will be out in FY22. Ipe joined LIC in 1986 as a direct recruit officer.

"She has rich and diverse experience in LIC having worked in various capacities. Prior to taking charge as Managing Director, she was Executive Director, Legal Department, LIC of India," said LIC in a statement.

She also worked as Executive Director (International Operations), Director & CEO of LICHFL Financial Services Ltd and was instrumental in taking LICHFL Financial Services Ltd to new heights in business revenue and profits during her tenure.

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