LIC Appoints Sunil Agrawal As CFO Ahead Of Expected Mega IPO

Life Insurance Corp. of India has appointed Sunil Agrawal, an outsider, as the chief financial officer (CFO). Notably, before LIC, Agrawal was the CFO of Reliance Nippon Life Insurance and was also associated with ICICI Life Insurance. Furthermore, Sunil has been appointed for a tenure of three-years, at renumeration of Rs 75 lakh per annum.  Notably, the appointment came ahead of the LIC's decision of going public in March.