Washington Post, a western media house known for baselessly targeting and accusing India. Despite having millions of socio-economic problems at its door-step and in its vicinity, it shifts attention towards India, a country that has legitimately elected government, working democracy and living constitution. This time the hypocrisy of the Washington Post is being exposed and debunked by the Life India Corporation(LIC), India’s public-sector owned insurance giant.
In a sharp rebuttal and slap to the US-based media, LIC has upheld the financial transparency, stakeholder accountability and strong regulatory mechanisms prevailing in India. Washington post without evidence had alleged that the investment decisions of LIC are influenced by external factors. In a report published on October 24, Washington Post had alleged that Government of India instructed the LIC, a public entity to invest nearly USD 3.9 billion of its funds to companies owned by billionaire businessmen Gautam Adani.
In a sharp and stern reply LIC has outrightly rejected these fake accusations. “The allegations leveled by the Washington Post that the investment decisions of LIC are influenced by external factors are false, baseless and far from truth. No such document or plan as alleged in the article has ever been prepared by LIC which creates a roadmap for infusing funds by LIC into Adani Group of Companies”, LIC sharply asserted in the statement by slamming Washington Post.
“The investment decisions are taken by LIC independently as per Board approved policies after detailed due diligence. Department of Financial Services or any other body does not have any role in such decisions. LIC has ensured highest standards of due diligence and all of its investment decisions have been undertaken in compliance with extant policies, provisions in the acts and regulatory guidelines, in the best interest of all its stakeholders”, LIC further added.
LIC also criticized the prejudice-oriented writing and publications undertaken by the apparently globally reputed media house. It also affirmed that such lack of evidence articles are misleading and intended towards decaying the well-established democratic, governance and regulatory fabric of India. “The article appears to have been made with the intentions to prejudice the well-settled decision-making process of LIC and also to tarnish the reputation and image of the LIC and strong financial sector foundations of India”, thus LIC exposed the true or hidden agenda of the Washington Post.
Life Insurance Corporation of India (LIC): "The allegations levelled by the Washington Post that the investment decisions of LIC are influenced by external factors are false, baseless, and far from the truth. No such document or plan as alleged in the article has ever been… pic.twitter.com/aiYFtNDU9Q
— ANI (@ANI) October 25, 2025
Stern LIC statement slashes the allegations of Rahul Gandhi
These firm and evidence-oriented statements from LIC has severely slashed the fake allegations made by Congress leader Rahul Gandhi and his party. The Congress Party and its leaders have repeatedly alleged that LIC funds belonging to policy holders are being misused. The party had accused that Ministry of Finance and NITI Aayog drafted and expedited a proposal to channel approximately Rs. 33,000 crore of LIC funds into Adani Group of Companies. However, these allegations were not supported by any evidence from the Congress Party.
Today, these irrational allegations have been outrightly denounced by LIC which has stated in its statement that no financial or any other government body indulges in the decision making process of LIC. Earlier in this year, Rahul Gandhi had alleged that latest changes in IRDAI and LIC rules is devoid of the concerns of poor and marginalized sections of the society. Replying to this allegation, LIC had affirmed that its core agenda and focus remains towards reaching out to poorest and most marginalized communities, thus broadening the scope of insurance coverage, life security and financial inclusion.
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