New Delhi, Oct 25 (UNI) The Life Insurance Corporation of India (LIC) has denied reports published in The Washington Post, stating that all investments are made with integrity and due diligence.
In a statement, LIC said, “LIC denies false reports by The Washington Post, reaffirming all investments are made with integrity and due diligence.”
LIC emphasized that its investment decisions are guided by prudent financial principles and regulatory requirements. The corporation’s investment portfolio is managed by experienced professionals who adhere to strict guidelines and protocols to ensure the safety and growth of policyholders’ funds.
The Washington Post had reportedly published a story alleging irregularities in LIC’s investment practices. However, LIC has firmly denied these allegations, stating that they are unfounded and without merit.
The corporation’s commitment to transparency and accountability in its operations has been reiterated in the statement. LIC has assured policyholders that their investments are safe and secure. The corporation’s statement emphasizes its commitment to serving policyholders’ interests and providing them with value-added services. With a large customer base and a strong presence in the insurance industry, LIC’s denial of the reports aims to reassure policyholders and stakeholders about the corporation’s investment practices.
