LIC: World’s 3rd strongest & 10th most valuable insurance brand

According to a recent study by Brand Finance Insurance 100 2021, Life Insurance Corporation has emerged as the third strongest and tenth most valuable insurance brand globally. As the insurance industry deals with the fallout from the COVID-19 pandemic, the total rating of the top 100 most profitable insurance brands has dropped by 6%. LIC’s brand value, on the other hand, rose by nearly 7% to $8.65 billion.

After a 26 % decline in brand value to US$44.8 billion, Ping An remains the world’s most valuable insurance brand. Five Chinese insurance companies are among the world’s top ten most valuable insurance brands, with Ping An Insurance emerging as the most valuable insurance company amid a 26% decrease in brand value.