look news india
Life Insurance Corporation of India (LIC) has emerged as the strongest insurance brand in the world. Its brand value is $9.8 billion. Also, the Brand Strength Score is 88.3 and the rating is AAA. According to the Brand Finance Insurance-100, 2024 report, Taiwan's Cathay Life Insurance is the second strongest brand in the list after LIC. Its brand value has increased by nine percent to reach $4.9 billion. It was followed by Australia's NRMA Insurance, whose brand value increased 82% to $1.3 billion. Chinese insurance brands continue to dominate global rankings.
Ping An brand value increased by four percent to $33.6 billion. After this, China Life Insurance and CPIC are at third and fifth position respectively. Germany's Allianz has retained its second position and France's AXA has retained its fourth position.
39,090 crore record premium
LIC India 2022-23 Rs. It achieved record premium collection of Rs 39,090 crore. SBI Life Insurance and HDFC Life Insurance respectively at Rs. Rs 15,197 crore. Led the private sector by achieving new premium collections of Rs 10,970 crore.
overtakes sbi
LIC share also Rs. An all-time high of 1,175 was reached. This made it the most valuable government company of India. LIC also regained its position as the fifth most valuable Indian listed company, overtaking SBI in market valuation.