I'm looking at this from two perspectives. The difference in electronegativities between the two atoms is greatest in LiF, so by this definition, LiF is a more polar molecule (Pauling). We can also look at it from a Hard/Soft Acid/Base (HSAB based on Fajan's rule) perspective. Li+ and F- are both 'hard' species and so neither have an overwhelming power to polarise to the other. This is in comparison to I- which is a 'soft' species and so is very polarisable.
So, we can use two different theories and they give different answers... The answer you're looking for obviously uses the HSAB/Fajan explanation above but typically I think it is fair to say more chemists follow the Pauling method.