THE Washington Post published an investigative report on October 29, 2025, claiming that the Indian government had unofficially directed LIC to invest $3.9 billion in the embattled Adani Group. It is important to lay out the facts for the public to realise the challenges that LIC may have to face in future. Life Insurance Corporation (LIC), the biggest public sector undertaking in India, holds 65 per cent of market share even today, despite facing tough competition from 25 private life insurance companies including foreign ones for the past 26 years.