Mr. Sat Pal Bhanoo

Mr. Sat Pal Bhanoo served as the Managing Director of Life Insurance Corporation of India (“LIC”) from July 2023 to December 2025.

He joined LIC as Special Batch Direct Recruit Officer in October 1988. He holds a Bachelor’s Degree in History (Honors) from Himachal Pradesh University, Shimla.

He has a varied and rich marketing experience. He served the Corporation in various roles as Zonal Manager (Central Zone), Additional Director, Zonal Training Centre (Bhopal), Regional Manager (P&IR), North Zone (Delhi). He was In-charge of Bangalore – I and Shimla Divisions steering the Corporation through a challenging climate and leading to consistent growth of business under dynamic market conditions. Wherever he has been posted, he fostered a culture of human resource development and empowerment, resulting in a highly motivated and skilled workforce, committed to the Corporation’s mission and values.

As Chief (Marketing-SBA), he looked after the Marketing portfolio of Senior Business Associates & Life Insurance Corporation Associates as well, with a focus on revolutionizing marketing activities and empowering them.

He is the Non-Executive Non-Independent Director of Mahindra & Mahindra Limited, Nominee Director of IDBI Bank Limited and also serves as a Chairman (Nominee Director) of Life Insurance Corporation (LIC) of Bangladesh Limited and Chairman and Director of LIC (Singapore) Pte Limited.