Mumbai: A.K Shukla has taken over as Chairman of the Life Insurance Corporation on Friday. Earlier LIC Managing Director, Shukla has been in-charge of the corporation since R.N Bharadwaj retired as Chairman on May 31, 2005.

Shukla joined LIC in 1968 as a direct recruit officer. Prior to occupying the position of MD, he was Executive Director.

D.K Mehrotra, who was previously the Executive Director (International Operations), will take over as the third Managing Director.

Mehrotra joined LIC as a direct recruit officer in 1977. The other Managing Directors are K. Sridhar and T.S. Vijayan.