Accordingly, Pratap Chandra Paikray has ceased to be the CRO on 27 December 2023.

Krishnan is a Chartered Accountant, CISA-ISACA US, ERM Asia Institute of Management Manila, Check Point Certified Security Administrator CCSA. During his professional tenure he has always been a part of leadership leading several functions such as risk management, compliance, internal audit, claims, secretarial, legal, information security, fraud prevention and mid-office management of investments.

He has worked in leadership roles in Reliance Nippon Life Insurance for 18 years. Also he has work experience in leadership roles in DSP Merrill Lynch, ING Vysya, Credit Lyonnais Bank and Bank International Indonesia. He has worked in Senior Management at Ernst and Young and other ventures.

LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country.

The state-run life insurer’s standalone net profit tumbled 50.32% to Rs 7,925.02 crore in Q2 FY24 as against Rs 15,952.49 crore recorded in Q2 FY23. Total premium income stood at Rs 1,07,396.77 crore in Q2 FY24, down 18.7% from Rs 1,32,104.14 crore posted in Q2 FY23.

The scrip hit 52-week high of Rs 836.65 in today’s intraday session.