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Catastrophic Risk and Insurability: Can the industry cope? Discussion

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Shri A.K.Shukla took over as the Chairman of the Life Insurance Corporation of India today at Yogakshema, the corporate headquarters. He was earlier Managing Director and Current-in-Charge. Simultaneously, Shri D.K.Mehrotra took over as Managing Director of the Corporation.
Shri Shukla joined LIC in 1968 as a Direct Recruit Officer. He has occupied various prestigious positions and made momentous contribution to LIC. A new Division, Udaipur was formed under his dynamic leadership.

Shri Shukla’s marketing dexterity was harnessed by the Marketing Department- Corporate Office for a couple of years in the cadre of Secretary. Given naturally to qualities of networking and relationships, it was no surprise that he occupied the position of Chief – Personnel, strengthening in the process the harmonious Industrial Relationship. He brought in many innovative schemes at the corporate level. He was the Executive Director (PR & CC) – a unique blend of Relationship- Building both, internal and external - prior to his appointment as Managing Director of LIC. He was conferred with 4 prestigious awards by independent organisations for his outstanding services, achievements and contributions – the Indira Gandhi Priyadarshini Award 2003, by National Unity Congress, Delhi, the “Jewel of India Award” and “National Gold Star Award” by International Business Council, Delhi and the “Diamond of India Award” by United Indians, Delhi.

He believes that honesty & integrity are personal traits that give inner strength to boldly steer the institution to greater heights of competitive existence.

Shri D.K.Mehrotra, who took over as a Managing Director of the Corporation, was previously the Executive Director (International Operations).

Shri Mehrotra is an Honours Graduate in Science from the University of Patna. He joined the Life Insurance Corporation of India as a direct recruit officer of the X batch in 1977. Since then he has held many prestigious posts. He served in LIC’s branch at Suva, Fiji from 1985 to 1989. He headed the Dehra Dun and Ahmedabad Divisions of the LIC as the Senior Divisional Manager. He served the Western Zone with distinction as its Regional Manager (Mktg.) and also as Regional Manager (P & GS) and was primarily responsible for the tremendous growth in premium income. He later led the Eastern Zone as its Zonal Manager. During his tenure, the Zone achieved the distinction of selling the largest number of policies in the country.

He is an avid listener of music and a voracious reader of books on varied subjects, particularly management and marketing.

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