India overtakes China and UK to become world’s 10th largest life insurer

India overtakes China and UK to become world’s 10th largest life insurer

Daily Current Affairs / India overtakes China and UK to become world’s 10th largest life insurer

Change Language English Hindi

Category : Business and economics Published on: September 01 2022

Share on facebook

India has now overtaken China and the UK to become the world’s 10th largest life insurer.
According to a survey by Brand Finance Insurance 100 2021, a London-based brand valuation consultancy organization, Life Insurance Corporation (LIC), a state-owned insurance behemoth and life insurer has emerged as the third strongest and tenth most valuable insurance brand globally.
The report states that the combined value of the top 100 insurance brands in the globe decreased by 6% from $462.4 billion in 2020 to $433.0 billion in 2021.
LIC’s brand value climbed to $8.65 billion, up about 7%. India becomes the 10th largest life insurer globally.
The top 10 most valuable insurance brands worldwide include five Chinese insurance companies, with Ping An Insurance ranking as the most valuable brand despite seeing a 26% reduction in brand value.
While France, Germany, and India each have one insurance company on the list, the United States has two in the top ten. India is now the 10th largest life insurer in the world.
Italy’s Poste Italiane is the strongest insurance brand, followed by LIC of India, Mapfre of the US.

Recent Post's

World TB Day is observed on March 24, 2026, with the theme “Yes! We Can End TB: Led by Countries, Powered by People.”
Read More....
Pakistan's Sahibzada Farhan was named ICC Men’s Player of the Month for February 2026 after a record-breaking T20 World Cup.
Read More....
Indian pacer Arundhati Reddy won the ICC Women’s Player of the Month for February 2026 for her stellar performance against Australia.
Read More....
LeBron James broke the NBA record for most regular-season games played, appearing in his 1,612th match on March 22, 2026.
Read More....
19-year-old para-athlete Ria Solanki won the gold medal in shot put at the National Para-Athletics Championship in Bhubaneswar.
Read More....
Scientists in Pune discovered a new cockroach species, Neoloboptera peninsularis, using advanced DNA-based taxonomy.
Read More....
Japan discovered a massive rare earth element deposit of over 16 million tonnes in the Pacific Ocean near Minamitorishima island.
Read More....
Sikkim is set to host the 49th Yonex Sunrise Junior National Badminton Championship for the first time in November 2026.
Read More....
The Telangana government announced the 'Indiramma Family Life Insurance Scheme' providing ₹5 lakh coverage to 1.15 crore families.
Read More....
The Delhi government and IIT Madras are testing "smog-eating" titanium dioxide coatings on roads to combat urban air pollution.
Read More....