LIC denies external influence on Adani investment decisions

Life Insurance Corporation of India (LIC) issued a clarification on October 25, 2025, refuting allegations published in the Washington Post concerning external influence over its investment decisions, particularly regarding the Adani Group. LIC stated that claims of external factors influencing its investment choices are "false, baseless, and far from truth," and denied the existence of any document or plan to infuse funds into Adani Group companies as alleged.

The Corporation emphasized that its investment decisions are made independently, in line with Board-approved policies and after thorough due diligence. It clarified that neither the department of financial services nor any other external body plays a role in these decisions. LIC affirmed its commitment to the highest standards of due diligence, ensuring all investment actions comply with existing policies, relevant Acts, and regulatory guidelines, always in the best interest of its stakeholders.

LIC asserted that the purported statements in the article appear intended to prejudice its established decision-making process, tarnish its reputation, and undermine India's robust financial sector foundations. The company has made this intimation available on its website at www.licindia.in for public dissemination.