LIC has said that its managing director V K Sharma has taken additional charge as chairman, replacing S K Roy who had been relieved of his duties.

Roy has resigned in June which is nearly two years ahead of his retirement.

The company has said in a statement that “V K Sharma, the managing director, LIC of India has taken additional charge as chairman, LIC of India in place of S K Roy, who has been relieved of his duties today.”

Sharma, since November 2013, has been serving as the managing director of the company.

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