Ratnakar Patnaik Appointed Chairman of LIC Nepal

August 22nd, 2025

Kathmandu. Ratnakar Patnaik has been appointed as the Chairman of Life Insurance Corporation (Nepal) Limited (LIC Nepal).

The decision was made during a meeting of the company’s Board of Directors held on 28th Shrawan (August 13). Along with Patnaik’s appointment, the board also inducted Parmendra Hari, representing the founding shareholder Life Insurance Corporation of India (LIC of India), as a member of the Board, according to company secretary Sudarshan Giri.

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