LIC emerges as the strongest insurance brand globally-2024
Recently, public sector insurance company Life Insurance Corporation of India (LIC) has emerged as the strongest insurance brand globally-2024. LIC has again improved its position as the 5th most valuable Indian listed company by overtaking SBI in market valuation.
LIC becomes the strongest insurance brand of 2024
- According to company Chairman Siddharth Mohanty, Life Insurance Corporation of India is the world’s number one strongest insurance brand from local to global dominance.
- The brand value of LIC remains stable at US$9.8 billion.
- LIC’s share price reached an all-time high of Rs 1,175, making it India’s most valuable public sector undertaking (PSU).
- According to Brand Finance Insurance, Taiwanese Cathay Life Insurance has been shown as the second strongest brand. Cathay Life Insurance’s brand value has increased by nine per cent to $4.9 billion.
- At third place is Australian NRMA Insurance, whose brand value has increased by 82 percent to $ 1.3 billion.
Life Insurance Corporation of India (LIC)
- Establishment – Year 1956
- Life Insurance Corporation of India is India’s largest government life insurance company and the country’s largest investor company.
- Headquarters – Mumbai.
Which is the 5th most valuable Indian listed company?
LIC.
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