LIC Among Top Ten Most-Valuable Insurance Brand Globally: Brand Finance Report

Current GK ( Master) Reports

The state-owned insurance behemoth ‘Life Insurance Corporation (LIC)’ has emerged as the third strongest and the tenth most valuable insurance brand globally, in Brand Finance Insurance 100 report for 2021.
The brand value of LIC increased by almost 7 percent to $8.65 billion in 2021.
The annual report is released by London-based brand valuation consultancy firm Brand Finance, to identify the most valuable and strongest insurance brands globally.
Chinese firm ‘Ping An Insurance’ emerged as the world’s most valuable insurance brand, despite recording a 26 percent drop in brand value in 2021 over previous year.
In the strongest insurance brands category, Italy’s Poste Italiane was at top position, followed by Mapfre of the US and LIC of India.
However, the total brand value of the world’s top 100 most valuable insurance brands declined by 6 percent from $462.4 billion in 2020 to $433.0 billion in 2021.
Most Valuable Indian Insurance Brand – LIC (10th)
Most Strongest Indian Insurance Brand – LIC (3rd)
Most Valuable Global Insurance Brand – Ping An Insurance, China
Most Strongest Global Insurance Brand – Poste Italiane, Italy.