Name the person elected as the new Chairman of the Life Insurance Corporation of India?

a. V K Sharma

b. S K Roy

c. Sushil Kumar

d. Rajesh Vadhera

ANSWER: V K Sharma

Explanation:

The government has appointed V K Sharma as chairman of Life Insurance Corporation of India.

Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company.

It is the largest insurance company in India.

The LIC was founded when the Parliament of India passed the Life Insurance Corporation of India Act, 1956 that nationalized the private insurance industry in India.

Over 245 insurance companies were merged to create the Life Insurance Corporation of India.

LIC – Life insurance Corporation of India

Founded: 1 September 1956

Headquarters: Mumbai, India

Current Head: V K Sharma (Chairman)