- 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. Ping An Insurance of China is at the top.
- 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.
- It must be noted that LIC was ranked as 206th most valuable brand in 2021 by Brand Finance.
Points to remember:
- Rank of LIC in the list of insurance brands globally as per Brand Finance Report?- 10th
- Valuation of LIC?- Rs 64,722 crore
Source: economic times