Govt does not advise LIC on investments: FM

FINANCE MINISTER NIRMALA Sitharaman on Monday told Parliament that the government does not advise or direct the Life Insurance Corporation of India (LIC) on its investment decisions, including those related to the Adani Group.

- FE BUREAU

Responding to a question raised in Parliament, she said LIC follows its own board-approved processes, conducts strict due diligence, and operates under regulatory oversight, with “no direct government involvement” in its investment choices.

LIC holds about %38,659 crore in equity and about %9,626 crore in debt across Adani Group companies as of September 30, 2025, the finance ministry informed. The state-run insurer’s exposure rose sharply from 1,927 crore in equity and %114 crore in Adani Group firms as on April 1, 2007.