The Life Insurance Corporation of India (LIC) asserted on Saturday that it makes its investment decisions independently, based on policies approved by its Board and following thorough due diligence. The corporation categorically rejected allegations from the Washington Post that suggested its investment choices are subject to external influences, labeling those claims as false and unfounded.
In a statement, LIC emphasized, “No such document or plan as alleged in the article has ever been prepared by LIC, which creates a roadmap for infusing funds by the Corporation into Adani group of companies.” The insurer contended that the claims made in the article seem intended to undermine its established decision-making process and to damage its reputation as well as the integrity of the financial sector in India.
Furthermore, LIC clarified that the Department of Financial Services, or any other governing authority, does not participate in these investment decisions. The corporation reiterated its commitment to adhering to the highest standards of due diligence, noting that all investment actions are conducted in compliance with current policies, legislative frameworks, and regulatory guidelines to serve the best interests of its stakeholders.
As of June 30, 2025, LIC’s assets under management increased by 6.47 percent year-on-year, rising from ₹53,58,781 crore in the previous year to ₹57,05,341.44 crore.
Published on October 25, 2025
