Ratnakar Patnaik appointed Managing Director of LIC
Mumbai: Ratnakar Patnaik has officially taken charge as the Managing Director of the Life Insurance Corporation (LIC) of India, effective from June 1, 2025. His appointment was notified by the Government of India on May 14, 2025.
Born in 1968, Patnaik joined LIC in March 1990 as a Direct Recruit Officer. He holds a graduate degree in Physics (Honours) and a Master’s in Public Administration. He is a Fellow of the Insurance Institute of India and also holds a diploma in Health Insurance.
Prior to this elevation, Patnaik served as Executive Director (Investment Front Office) and Chief Investment Officer at LIC. Over his 35-year career, he has held key positions across several regions, including as Senior Divisional Manager at Indore and Jamshedpur, and Regional Manager (Marketing/CLIA) in LIC’s Eastern Zone. His experience spans across Marketing, Customer Servicing, and Investment operations.
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Man killed in flat ceiling plaster crash, wife and son hurt
Thane (PTI): A 45-year-old man was killed, and his wife and son were injured when a portion of plaster from the ceiling collapsed in their flat in a seven-storey building in Thane on Saturday, officials said.
Chief of the Regional Disaster Management Cell, Yasin Tadvi, said the 16-year-old building is not listed in the "dangerous" category.
"The incident occurred in Karumdev Society at about 3 am. The plaster of the hall in a flat on the terrace floor suddenly fell while the occupants were asleep", he said.
Of the four people who were inside the room, two suffered minor injuries and were discharged after primary treatment, Tadvi stated.
The injured persons were identified as Arpita More (42), who suffered minor head injuries, and her son Arush More (16), who sustained injuries to both legs.
Manoj More (45), who sustained chest injuries, died during treatment at a private hospital.
