LIC ranked 10th most valued insurance brand globally: Brand Finance

Daily Current Affairs / LIC ranked 10th most valued insurance brand globally: Brand Finance

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Category : Business and economics Published on: February 04 2022

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As per a brand valuation report released by Brand Finance, Life Insurance Corporation has been ranked at 10th in the list of insurance brands globally.
China's insurance company ‘Ping An Insuarance' has got the top position.
LIC is the only Indian insurance company in the top 10 list. LIC has a valuation of USD 8.656 billion (around Rs 64,722 crore).
As per Brand Finance, the market value of LIC will become Rs 43.40 lakh crore (USD 59.21 billion) by 2022, and Rs 58.9-lakh crore (USD 78.63 billion) by 2027.
LIC was ranked 206th as the Most Valuable Brand in 2021 by Brand Finance.

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LIC ranked 10th most valued insurance brand globally: Brand Finance