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M. R. Kumar is an Indian who worked in LIC (Life Insurance Corporation of India). He served as the Chairman of LIC from 2019 to 2023.
Wiki/Biography
Mangalam Ramasubramanian Kumar was born in June 1961 (age 62 years; as of 2024).
Physical Appearance
Height (approx.): 5′ 10″
Hair Colour: Salt and pepper
Eye Colour: Black
Family
Parents & Siblings
There is not much information about his parents and siblings.
Career
LIC (Life Insurance Corporation of India)
M. R. Kumar started working at LIC in 1983 as a direct recruit officer. During his career, he led three zones of LIC, the Southern Zone, North Central Zone, and Northern Zone, located in Chennai, Kanpur, and Delhi respectively. He was also the senior divisional manager for the Ahmedabad and Ernakulum divisions. Kumar was the regional manager (marketing) of Kolkata and the regional manager (personal & internal relationships department) of the Chennai division. He then became executive director, where he was head of the Personnel Department. Under this role, he managed the Pension and Group Insurance division as well. He is credited with introducing many employee-friendly initiatives. He then became the zonal manager (in charge) of the North Zone. On 14 March 2019, he took charge as the Chairman of LIC, India for a term of five years.
M. R. Kumar (second from left), during his first term as Chairman of LIC, at the launch of LIC’s Jeevan Shanti Plan
He completed his term which was extended from July 2021 to March 2022. He received a second extension from April 2022 to March 2023. The reasoning given for the extension was so that he could complete the mega LIC initial public offering (IPO). Although there were rumours that the Narendra Modi government was going to extend his term by another six months, his term ended in March 2023 and Siddhartha Mohanty took over as Chairman.
Facts/Trivia
- Kumar allegedly lives by the quote “There is no substitute for hard work and sincerity and if there is any, then it is more hard work and more sincerity”.