Shridhar Namdeo Pathare has officially assumed the role of General Manager Operations at the Life Insurance Corporation of India (LICI) in Fiji, aiming to enhance the financial security of policyholders through innovative products that marry savings opportunities with sustainable growth. His appointment, effective immediately, comes as a secondment from the Life Insurance Corporation of India.
With over 30 years of experience in the life insurance industry, Pathare carries a wealth of knowledge in marketing, sales leadership, and operational management. Before his new position in Fiji, he successfully led a business unit at the Divisional Office–2 in India, where he managed a large sales team and consistently met business targets.
In his previous senior roles, including Marketing Manager at the Pune Divisional Office, he gained recognition for driving operational excellence, expanding market presence, and enhancing organizational performance. On his inaugural day at the LICI Suva Office, he conveyed his determination to elevate the company’s operations in Fiji and emphasized the critical roles of teamwork, customer trust, and customized insurance solutions tailored to the needs of the local population.
LICI has established a significant presence in Fiji’s insurance landscape and its contribution to the national economy is noteworthy. In 2024, the company launched four new life insurance products and opened a new office in Nadi, further enhancing accessibility for customers. This year also saw LICI announcing a substantial bonus payout of FJ$26 million to its policyholders.
Notably, LICI’s asset base in Fiji now surpasses FJ$1 billion, with a considerable portion securely invested in Fiji Infrastructure Bonds, reinforcing the nation’s developmental initiatives. In a landmark achievement, the company invested $130 million in 2024 alone, including $126 million directed exclusively towards Fiji Infrastructure Bonds, making it the largest single-year investment in the company’s history in Fiji.
With Pathare at the helm, LICI is positioned to continue its positive trajectory, fostering financial security and contributing to the economic landscape of Fiji.