Balwant Kulkarni has extensive experience in the insurance industry, having worked with the Life Insurance Corporation of India (LIC) since May 1996 in various leadership roles, including Project Leader overseeing Pension & Group Superannuation and Divisional Manager. Prior to this, Balwant held multiple managerial positions at LIC from November 1993 to May 1996, focusing on underwriting and office services. Earlier experience includes a role as an Assistant at National Insurance Co. Ltd from November 1990 to October 1993, focusing on claims. Balwant's educational background includes a Management Programme from the Indian Institute of Management Ahmedabad and a Bachelor of Science in Mathematics from Nowrosjee Wadia College, alongside being a fellow member of the Insurance Institute of India for life and non-life insurance.