Live
- LS polls: Union Minister Bhagwanth Khuba, Dingaleshwara seer, Priyanka Jarkiholi file nominations in K'taka
- Amid show of strength, Congress’ Praniti Shinde files nomination from Solapur
- Tamil Nadu Police gives clean report to Isha Foundation in missing volunteers case
- Home Minister Amit Shah to address public meeting in Goa on April 24
- Gurgaon Open: M Dharma fires 67 for two-shot lead on penultimate day
- Sharad Pawar made many attempts to finish Shiv Sena, claims Maha minister
- Former England opener Raman Subba Row dies aged 92
- IPL 2024: Impact player rule is affecting the progress of half all-rounders, says Zaheer Khan
- ‘Teppa samudram’ review: Entertains with twists and turns
- ‘Market Mahalakshmi’ review: Blends humour and heartfelt moments
At $8.65 bn, LIC 10th most valued insurance brand globally
Life Insurance Corporation (LIC)
Life Insurance Corporation (LIC), 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 $8.656 billion (around Rs64,722 crore), which also makes it the third strongest insurance brand globally, according to a brand valuation report.
Mumbai: Life Insurance Corporation (LIC), 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 $8.656 billion (around Rs64,722 crore), which also makes it the third strongest insurance brand globally, according to a brand valuation report.
According to the London-based Brand Finance, which is a brand consultancy, the market value of LIC will become Rs43.40 lakh crore or $59.21 billion by 2022, and Rs 58.9-lakh crore or $78.63 billion by 2027. LIC's brand value also climbed in overall global brand rankings by 32 places to become the world's 206th most valuable brand in 2021, from 238th slot in 2020. According to this valuation, LIC is largest and strongest brand in the country with a valuation of $8.655 billion in 2021, which grew by 6.8 per cent from $8.11 billion in 2020, when the value of top-100 insurers declined by six per cent globally.
The corporation ranks first in brand strength amongst the competitor set with a score of 84.1 and it ranks third in brand strength globally after Poste Italiane of Italy and Mapfre of Spain and is also the 10th most valued insurance brand globally, according to the report prepared in November 2021 but is yet to made public. Interestingly, the state-owned insurance behemoth gained in brand value by 6.8 percent last year, all other top 100 insurers saw their brand value decline by 6 percent from $462.4 billion in 2020 to $433.0 billion in 2021.
Of the top 10 as many as 5 are Chinese insurance companies, with by Ping An Insurance emerging the world's most valuable insurance brand, despite recording a 26 per cent drop in brand value.
