The country’s largest insurance company LIC (LIC) is the country’s strongest and largest brand with a valuation of $ 8.656 billion (about Rs 64,772 crore). The market valuation of LIC is estimated to reach Rs 59.9 lakh crore by 2027.
LIC News: The country’s largest insurance company LIC (Life Insurance Corporation of India) is the country’s strongest and largest brand with a valuation of $ 8.656 billion (about Rs 64,772 crore).
This valuation makes it the third strongest insurance brand in the world. According to the news of PTI, according to the London-based Brand Finance, which advises the brand, the market valuation of LIC is Rs 43.40 lakh crore i.e. $ 59.21 billion by 2022 and Rs 59.9 lakh crore ($ 78.63 billion) by 2027. is estimated to be.
32 Places Jump in Ranking
According to Brand Finance, LIC has jumped 32 places to 206th position in the global brand ranking in 2021. According to Brand Finance, LIC is the largest and strongest brand in the country with a valuation of $8.655 billion in the year 2021. Its valuation was $ 8.11 billion in 2020. That is, there was an increase of 6.8 percent in it. According to the report, LIC ranks first with 84.1 points as compared to its competitor companies.
Brand Value of Insurance Companies of The World Fell, LIC Increased
This report was prepared in November 2021, but it has now been made public. It is interesting that while the brand value of the world’s 100 major insurance companies declined by six per cent to $433 billion in 2021, LIC’s brand value increased by 6.8 per cent. There are 5 Chinese insurance companies in the top 10 of the report.
Ping An Insurance brand has become the world’s most valuable insurance brand despite registering a 26 per cent drop in value. There are two US companies in the top-10, while France, Germany and India have one each. LIC is the only domestic insurance company which is included in Top 10 Strongest Brand and Top 10 Most Valuable Insurance Brand.
