LIC Chief's big statement, there was no loss by investing in Adani Group

PM Modi praised LIC in Parliament, after which the shares of the company soared. LIC Chairman Siddharth Mohanty has also expressed his gratitude for his trust and told that LIC has not suffered any loss due to investment in Adani's company.

Life Insurance Corporation of India, the country's largest insurance company, is in a lot of discussion these days. LIC is being discussed everywhere from Parliament to investors. Meanwhile, a big statement has come from LIC Chief Siddharth Mohanty on Adani's investment. He has thanked PM Modi in the Parliament for trusting LIC. Also said that he has not suffered any loss by investing in Adani's company.

He said that LIC is constantly trying to live up to the expectations of the investors. He also said that ever since Prime Minister Narendra Modi praised LIC in Parliament, since then its responsibility and accountability towards investors, policyholders and shareholders has increased even more.

No harm in investing in Adani's company

LIC Chief Siddharth Mohanty said that we do not want to talk about any one company, but LIC has not suffered any loss by investing in Adani's company. We have invested in Adani as per policies and protocols. When the prices of the company's shares were low, we invested then and as soon as the prices started rising, we got the benefit of the investment.

Invested in Adani keeping in mind the internal protocol and regulation. Significantly, LIC is the largest insurance company in the country. There are 13 lakh insurance agents here. He said that there is a need to increase the number of agents so that more coverage of the country can be done.