The Life Insurance Corporation of India has strongly refuted recent reports by The Washington Post alleging irregularities in its investment practices. In an official statement issued on Saturday, the LIC asserted that all its investments are conducted with the highest standards of integrity and due diligence.

“LIC denies false reports by The Washington Post, reaffirming that all investments are made with integrity and due diligence,” the statement read.

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The corporation emphasized that its investment decisions are guided by sound financial principles and comply fully with regulatory requirements. Managed by seasoned professionals, LIC’s portfolio adheres to strict guidelines designed to safeguard and grow the funds of its vast policyholder base.

The Washington Post repo

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