LIC Chairman MR Kumar may get extension

With the government  reportedly extending the retirement age for the post of Life Insurance Corporation (LIC) Chairman from 60 to 62 years, incumbent LIC Chairman MR Kumar is now eligible to get an extension of one or two years. The exact period of extension in tenure will be known only after a specific letter to this effect is issued by the Ministry of Finance (MoF) and it reaches the corporation.If North Block sources are to be believed Chairman of the LIC M R Kumar is likely to get two years  extension in service.