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Detailed explanation-1: -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-2: -In 2022, Life Insurance Corporation, India’s leading insurance company, had a brand value worth 11.1 billion U.S. dollars, putting the company on the second spot of the top 100 most valuable Indian brands.
Detailed explanation-3: -The nation’s biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list. LIC topped the list of companies from India, followed by eight other domestic firms. Reliance Industries jumped 51 places to 104 on the 2022 list.
Detailed explanation-4: -Leading insurance brands globally 2020-2022, by brand value In 2022, Ping An’s brand value amounted to approximately 42.9 billion U.S. dollars, down from 44.8 billion U.S. dollars in the previous year.
Detailed explanation-5: -Life Insurance Corporation of India is ranked at 98th position in the Fortune’s Global 500 list.