LIC stated that investment decisions are made independently following Board-approved policies and due diligence, without influence from any external body, ensuring regulatory compliance and prioritizing stakeholder interests
New Delhi
The Life Insurance Corporation of India (LIC) on Saturday rejected claims made by The Washington Post, calling them “false, baseless, and far from truth.” LIC said all its investments are made independently with integrity and following due diligence.
The Washington Post article alleged that LIC fast-tracked a proposal in May 2025 to invest approximately $3.9 billion in an Adani Group company. LIC denied the existence of any document or plan suggesting a roadmap to infuse funds into the Adani group.
In an official statement, LIC clarified that investment decisions are taken independently as per Board-approved policies after detailed due diligence. The company emphasized that the Department of Financial Services or any other body does not influence these decisions. All investments are made in compliance with regulatory guidelines, existing laws, and LIC policies, prioritizing the best interests of stakeholders.
LIC further stated that the article seemed intended to prejudice LIC’s decision-making process and tarnish the reputation of the corporation and India’s financial sector.
The company, India’s largest life insurer, also reported a 3.91 per cent year-on-year increase in consolidated net profit for Q1 FY26, rising to Rs 10,957 crore from Rs 10,544 crore in Q1 FY25, according to its stock exchange filing.
LIC reiterated its commitment to transparent, responsible, and independent investment practices, dismissing the Washington Post claims as inaccurate and misleading.
