Congress leader Rahul Gandhi has strongly criticized the Life Insurance Corporation (LIC) of India for investing ₹5,000 crore in the Adani Group. On June 3, 2025, he claimed that LIC, which collects money from ordinary citizens through insurance premiums, is using that public money to support private companies.
Rahul Gandhi posted his comments on social media platform X (formerly Twitter). Referring to a report by Bloomberg, he pointed out that LIC was the only investor in a major bond sale by Adani Ports and Special Economic Zone Ltd (APSEZ).
In his post, he said:
“Money, policy, premium are yours; Security, convenience, benefit for Adani!”
This means, according to him, that people are paying for life insurance policies, but the benefit of that money is going to a private business group instead of serving the public interest.
Details of LIC’s Investment in Adani Ports
Last week, Adani Ports and SEZ Ltd announced that it had raised ₹5,000 crore through a domestic bond sale, which is its biggest bond issue so far. The funds were raised through Non-Convertible Debentures (NCDs) with a term of 15 years.
LIC was the sole buyer of this bond issue.
Adani Ports said in its statement:
- The investment was based on the company’s strong financial position.
- It holds a ‘AAA/Stable’ credit rating, which means a high level of trust in its ability to repay the debt.
- The bonds offered a 7.75% annual interest rate, which is considered attractive for long-term investors.
- The debentures will be listed on the Bombay Stock Exchange (BSE) for transparency and trading.
What This Means for the Public
LIC is one of the largest and most trusted government-owned insurance companies in India. People across the country pay their insurance premiums expecting safety and long-term returns. When such a large amount like ₹5,000 crore is invested in a single private company, concerns naturally arise about transparency, risks, and whose interest is being prioritized.
Rahul Gandhi’s criticism is not just political—it raises a bigger question: Should public money be used to support large private businesses?
