LIC MAY GET ITS ACTING CHAIRMAN V K SHARMA AS FULL TIME CHAIRMAN FOR THE TOP POST

Life Insurance Corporation’s acting chairman V K Sharma is likely to be given full-time charge of the top post. Sharma has been shortlisted for the post of chairman and the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi will take a final call.If ACC approves Sharma’s appointment, he would get three years term. Having joined the LIC as a direct recruit officer in 1981, Sharma has been serving as the managing director of the company since November 2013. Sharma, at present a managing director with the insurer, was given the additional charge as chairman after former chairman S K Roy was relieved of his duties last month.