S B Mathur, ex LIC chairman appointed SUUTI administrator
Our Banking Bureau
21 December 2004
A qualified chartered accountant and cost accountant, Mathur retired from Life Insurance Corporation of India (LIC) in October 2004 as its chairman, having joined the organisation as a direct recruit in 1967. He held various positions as senior divisional manager of Gwalior division, chief of corporate planning, general manager of LIC (international) E.C., zonal manager in charge of western zone and executive director.
Mathur took charge as chairman of LIC at a time when the insurance sector had just opened up. He has a successful track record of introducing new products in the insurance sector in a competitive environment.