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

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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