The inspiring Usha Sangwan needs no introduction. She is a technocrat who has shattered a major glass ceiling by becoming the first woman Managing Director of the State-run Life Insurance Corporation of India, a feat achieved in the insurance behemoth in its nearly six decades of existence. Under her leadership, the LIC has scaled amazing heights. Her glorious journey of rising to a position that for decades has been a male bastion is an inspiration for crores of women in a world which stereotypes the finance sector to be a men’s domain. As the world celebrates International Women’s Day this month, Bureaucracy Today speaks to Sangwan about her journey to the top, her life’s philosophy, her work and the recent trends in the insurance sector of India.
You have broken the glass ceiling to become the first female Managing Director of the Life Insurance Corporation of India. Please tell us about your journey so far and the challenges you encountered to reach the top echelons in the insurance sector.
It is indeed a humbling and challenging state to be at this position in the LIC for anybody. The fact that a woman is there, is a credit to all womankind and to all those who recognize a woman’s merit.
I joined the LIC of India as Direct Recruit Officer in 1981. The journey has been full of challenges, risks; good times, difficult times and times of success, setbacks and achievements.
One thing that kept me going was an attitude and firm belief that everything happens for a reason and the end-result is always good. I try to focus on my work and results rather than on any activities that drain your energy. Innovation and technology fascinate me.
Our people in the organization have been my strength. I have always got tremendous support from my teammates and fellow workers at all levels. I also had absolute support of my family- my husband and children. My mother was the first motivator to nudge me to have a career and be a financially independent woman.
Furthermore, the LIC is a great organization to work for. You get enough opportunities to implement innovative ideas. You are exposed to different work situations and different operational areas to enable you to handle higher and more responsible positions
I am proud that I could ensure the presence of the LIC in digital space, setting up ‘Direct Marketing Channel’, selling Online policies, putting the LIC on social media, institutionalizing Corporate Communication activities connecting with youth, children and rural India, setting up e-Services and LIC helpline for our 30 crore customers, so on and so forth.
This story is from the March 01-31 2017 edition of Bureaucracy Today.
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This story is from the March 01-31 2017 edition of Bureaucracy Today.
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