New MD of LICI
Hemant Bhargava has taken charge as Managing Director of Life Insurance Corporation of India on February 10. He was the Head of Northern Zone comprising Delhi, Punjab, Rajasthan, Himachal Pradesh, Jammu & Kashmir, Haryana States and Union Territory of Chandigarh.
Prior to that, he was heading Eastern Zone comprising of Arunachal Pradesh, Assam, Meghalaya, Mizoram, Manipur, Nagaland, Sikkim, Tripura and West Bengal States and Union Territory of Andaman and Nicobar Islands.
He has an experience of more than 33 years in Life Insurance Industry in India and abroad. He had been Country head of LIC Mauritius, head of International Operations of SBU of LIC, founded Micro Insurance vertical for LIC and was Executive Director (Marketing and Product Development) for the Corporation. He is the founder CEO of LIC Cards Services Ltd. He is also founder President of Indo Mauritian Business Group in Mauritius.
Mr Bhargava has served on the Boards of National Mutual Fund, Mauritius, LIC Mauritius Offshore Ltd., Krishna Knitwear Ltd, Mumbai. He was a member of Insurance Institute of India AC and was also appointed as Director on the boards of PTC India Ltd., New Delhi and NEDFi LTD, Guwahati. (EOIC)