LIC Denies Washington Post Report, Reaffirms Integrity in Investment Practices
The Life Insurance Corporation of India (LIC) has firmly denied reports published by The Washington Post, asserting that all its investments are made with integrity, transparency, and due diligence.
In an official statement, LIC said, “LIC denies false reports by The Washington Post, reaffirming that all investments are made with integrity and due diligence.” The corporation emphasized that its investment decisions strictly follow prudent financial principles and regulatory guidelines to safeguard policyholders’ funds.
LIC highlighted that its investment portfolio is managed by experienced professionals who operate under well-defined protocols to ensure both safety and sustainable growth.
LIC Rejects Allegations of Irregularities
The Washington Post had reportedly published a story alleging irregularities in LIC’s investment practices. However, the state-run insurance giant categorically dismissed these claims, calling them unfounded and without merit.
The corporation reiterated its commitment to transparency, accountability, and adherence to statutory norms in all its operations. It assured millions of policyholders that their investments remain secure and well-managed.
Focus on Policyholders’ Trust and Growth
LIC, which holds a dominant position in India’s insurance market, reaffirmed that it remains dedicated to serving policyholders’ interests and offering value-driven services. The statement aimed to reassure both policyholders and stakeholders about the corporation’s credibility and the integrity of its investment framework.
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