Mr. Mehrotra retired as Chairman of India's largest insurance company, Life Insurance Corporation of India in May 2013. During his career spanning 36 years he has worked across various operating, service and strategic departments in India and abroad and held important positions such as In-charge of divisions, Head of Zonal Office and also headed the international operations of the corporation.
He assumed charge as Managing Director of LIC in 2005 and was a key member of the strategic and policy making committees of the corporation. He also oversaw the corporation's marketing operations, including customer relations and spearheaded initiatives in information technology systems and processes in the corporation. Alongside, he supervised the investment portfolio of the corporation, with a book size of over Rs.14 lac crores in FY13. He assumed the reins of the Corporation as the Chairman in June 2011.
He also played the role of convener for the Expert Group Committee, formed by the Govt. Of India, under Chairmanship of Shri Vepa Kamesam in September 2010 for giving suggestions on improving the functioning of LIC, including processes relating to Investments of LIC.
He chaired various internal and external boards of the corporation and its associates such as the Housing Finance Limited, LIC Nomura Mutual Fund Limited, LIC Credit Cards and New Pension Scheme (an initiative of the Government of India). He also represented Indian insurance in international forums.
During his stewardship of LIC, the corporation regained its market share from peers and established itself as a market maker. He guided the creation of LIC's Vision 2020 program, under which the corporation aspires to provide a life insurance policy to every insurable citizen in the country by 2020. Presently he is serving as Director on the Boards of a number of diverse Companies, to name a few, IEX, MCX and others.
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