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Indian Economy - Understanding the basics of Indian economic system

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08-Mar-25

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LIC ranked world’s 3ird strongest insurance brand in the world

The Life Insurance Corporation of India (LIC) has been ranked third among the world’s strongest insurance brands, achieving a Brand Strength Index (BSI) score of 88 out of 100, according to the Brand Finance Insurance 100 2025 report.

Poland-based PZU secured the top spot with a BSI score of 94.4, followed by China Life Insurance, which ranked second with a BSI score of 93.5.
In terms of overall brand value, the LIC holds the 12th position among the most valuable insurance brands globally, while SBI Life ranks 76th, making them the only two Indian insurers in the top 100.
On a consolidated basis, the LIC’s net profit increased by 16 per cent to Rs 11,009 crore, up from Rs 9,469 crore a year earlier.
Employee compensation and welfare expenses saw a 30 per cent decline, dropping to Rs 14,416 crore from Rs 18,194 crore, leading to a 231 bps reduction in the expense ratio to 12.97 per cent from 15.28 per cent.

By: Brijesh Kumar

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