Insurance behemoth LIC on Friday said B C Patnaik has taken charge as the managing director (MD) of the company. He was appointed as Managing Director vide a government notification dated July 5, 2021, LIC said in a statement. See Zee Business Live TV Streaming Below: Prior to taking charge as MD of LIC, Patnaik was the Secretary General, Council for Insurance Ombudsman, (CIO) Mumbai, it said. Patnaik, joined as a Direct Recruit Officer in 1986. Currently, LIC has a chairman and four managing directors.