Shridhar Namdeo Pathare has officially stepped into the role of General Manager Operations at the Life Insurance Corporation of India (LICI) in Fiji, with a mission to bolster the financial security of policyholders through innovative products that combine savings potential with sustainable growth. His new position, which begins immediately, comes as a secondment from the Life Insurance Corporation of India.
Pathare brings over 30 years of extensive experience in the life insurance sector, possessing deep knowledge in marketing, sales leadership, and operational management. Prior to this appointment in Fiji, he effectively led a business unit at the Divisional Office–2 in India, where he managed a substantial sales team and consistently achieved business objectives.
In his previous senior role as Marketing Manager at the Pune Divisional Office, Pathare gained recognition for his ability to drive operational excellence, expand market presence, and improve organizational performance. On his first day at the LICI Suva Office, he expressed a strong commitment to enhancing the company’s operations in Fiji, underlining the importance of teamwork, customer trust, and tailored insurance solutions that meet the specific needs of the local community.
LICI has made a significant impact on Fiji’s insurance sector, playing a crucial role in the national economy. In 2024, the company introduced four new life insurance products and opened a new office in Nadi, further improving customer accessibility. This year, LICI also announced an impressive bonus payout of FJ$26 million to its policyholders.
The company’s asset base in Fiji has now exceeded FJ$1 billion, with a substantial portion wisely invested in Fiji Infrastructure Bonds, contributing to the nation’s developmental projects. In a remarkable achievement, LICI invested $130 million in 2024, with $126 million specifically allocated to Fiji Infrastructure Bonds, marking the largest single-year investment in the company’s history within Fiji.
With Pathare’s leadership, LICI is well-positioned to further its positive impact, enhancing financial security and supporting Fiji’s economic landscape. His expertise and commitment are expected to drive innovative growth and strengthen the company’s role in the community.