Life Insurance Corporation of India (LIC) has firmly denied a Washington Post report suggesting government influence over its investments in the Adani Group. In a statement issued on October 25, 2025, LIC clarified that every investment decision is made independently, following board-approved policies and detailed due diligence. The insurer emphasized that neither the Department of Financial Services nor any other body has any role in its investment choices.
LIC highlighted its track record of disciplined fund management, noting that the value of its holdings in India’s top 500 companies has grown tenfold since 2014—from ₹1.56 lakh crore to ₹15.6 lakh crore. The company stressed that its investment process adheres strictly to regulatory norms and acts in the best interests of its policyholders and stakeholders.
Responding to the report’s claim that LIC was “steered” into a $570 million investment in Adani Ports & SEZ earlier this year, the insurer said such narratives are misleading and attempt to damage both its reputation and the integrity of India’s financial system.
With over ₹41 lakh crore in assets, LIC is India’s largest institutional investor, holding stakes across 351 listed companies. Its exposure to Adani Group accounts for less than 2% of the conglomerate’s total debt—comparable to global investors such as BlackRock, Apollo, Mizuho, MUFG, and DZ Bank, all of whom have backed Adani debt recently.
LIC’s portfolio remains diverse, with major holdings including Reliance Industries, ITC, HDFC Bank, SBI, and TCS. The insurer reiterated that it upholds the highest standards of due diligence and transparency—standards that have earned it both investor trust and a Guinness World Record for selling the highest number of life insurance policies in a single day.
