Raj Kumar Completes Term as LIC Nominee Director on IDBI Bank Board

Raj Kumar has officially ended his role as the LIC nominee director on the board of IDBI Bank Limited, effective from May 18, 2025, according to a recent announcement by the bank through an official exchange filing.

Who is Raj Kumar?

Raj Kumar brings with him over 40 years of experience in the life insurance industry. He is a former Managing Director of Life Insurance Corporation of India (LIC), one of the largest insurance companies in India. His career with LIC began in 1984 when he joined as an apprentice officer, and since then, he has gained extensive knowledge and expertise in various areas of the insurance sector.

Career Highlights and Roles

Throughout his career, Raj Kumar has held many important leadership positions. He served as the Chief Executive Officer (CEO) of LIC Mutual Fund Asset Management Limited, where he managed investment operations. Additionally, he was the Zonal Manager for LIC’s Bhopal zone, and the Executive Director in charge of estate and office services in Mumbai.

Raj Kumar also led LIC’s divisions in Gorakhpur and Jaipur as the Senior Divisional Manager. His wide range of roles gave him a deep understanding of insurance operations, business management, marketing, human resources, and corporate governance.

Awards and Expertise

In recognition of his leadership and contribution, Raj Kumar was awarded the “Most Influential Human Resource Officer in Asia” by CHRO Asia. He is known for his strong skills in human resource management, marketing strategies, business administration, and maintaining good corporate governance practices.