The appointments committee of the Cabinet (ACC) has approved the extension of the tenure of MR Kumar as the Chairman of state-owned insurance company Life Insurance Corporation of India (LIC).
M.R.Kumar took charge as Chairman of LIC on March 14, 2019. This is the second extension given to Mr. Kumar. Prior to this, he was given a nine-month extension on June 30, 2021, till March 13, 2022.