1 / 6Union Finance Minister Nirmala Sitharaman on Monday shared an update about Life Insurance Corporation of India's (LIC) debt exposure to Adani group companies.2 / 6As of 5 March, the state-owned insurer's debt exposure to the billionaire Gautam Adani-led port-to-power conglomerate fell marginally to ₹6,183 crore from ₹6,347 crore as of 31 December last year.3 / 6LIC holds shares in seven out of the 10 listed companies of the Adani Group.4 / 6Of the total ₹6,183 crore, LIC has an exposure of ₹5,390 crore to APSEZ. The exposure in Adani Power (Mundra) was ₹266 crore, Adani Power Maharashtra Ltd - Phase I ( ₹81.60 crore), Adani Power Maharashtra Ltd - Phase III ( ₹254.87 crore), Raigarh Energy Generation Ltd ( ₹45 crore) and Raipur Energen Ltd ( ₹145.67 crore).5 / 6In a written reply to the Lok Sabha on Monday, FM Sitharaman said, 'The Life Insurance Corporation of India (LIC) has informed that its debt exposure to Adani Group of Companies, was ₹6,347.32 crore and ₹6,182.64 crore, as on December 31, 2022, and March 5, 2023, respectively'.6 / 6Sitharaman said five public sector general insurance companies have informed that they do not have loan or credit exposure to the Adani Group of companies. 'Public Sector Banks have informed that loans are sanctioned after assessing the viability of projects, prospective cash flows, risk factors and availability of adequate security and repayment of loans are ensured by the revenue generated by the project and not by the market capitalisation of the company,' the FM stated.