Vijay Sharma formally assumes office as LIC Chairman

Vijay Kumar Sharma on Friday assumed charge as Chairman of the nation's largest financial powerhouse Life Insurance Corporation.
●    The Government had on Wednesday appointed Sharma, who was named Acting Chairman on September 16, as the head of the state-run life insurer, where he will have a five-year term.
●    Sharma, a Managing Director, was given the role of Acting Chairman when incumbent S K Roy was relieved of his duties. 
●    Roy had resigned in June, nearly two years ahead of his term. He was appointed in June 2013 by the previous Congress-led UPA Government.
●    A post-graduate in science, Sharma joined LIC as a direct recruit officer in 1981. 
●    Before he was promoted as a Managing Director in 2013, he held important positions as executive director of pension & group schemes, zonal manager in-charge of Southern zone. 
●    He also helmed LIC Housing Finance, an arm of the insurance behemoth.