2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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10
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20
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5
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15
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Detailed explanation-1: -At $8.65 billion, LIC 10th most valued insurance brand globally: Report. 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.
Detailed explanation-2: -This also makes it the third strongest insurance brand globally, said a Brand Finance report. According to a Brand Finance report, London-based consultancy, the market value of Life Insurance Corporation will become Rs 43.40 lakh crore or $59.21 billion by 2022, and Rs 58.9 lakh crore or $78.63 billion by 2027.
Detailed explanation-3: -As per a brand valuation report released by Brand Finance, Life Insurance Corporation has been ranked at 10th in the list of insurance brands globally. LIC is the only Indian insurance company in the top 10 list.
Detailed explanation-4: -Ping An is still by far the world’s most valuable insurance brand, despite recording a 26% drop in brand value to US$44.8 billion.
Detailed explanation-5: -Life Insurance Corporation of India is ranked at 98th position in the Fortune’s Global 500 list.