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

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.

Life Insurance Corporation, which is bound for the nation’s largest share sale by March, is the strongest and the largest brand in the country with a valuation of USD 8.656 billion (around Rs 64,722 crore), which also makes it the third strongest insurance brand globally, according to a brand valuation report. 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.