New Delhi, March 26 (Tezzbuzz Reporter) Public sector insurance company Life Insurance Corporation of India (LIC) has emerged as the strongest insurance brand globally-2024. LIC has regained its position as the 5th most valuable Indian listed company by overtaking SBI in market valuation.
From local to global dominance, LIC is the world's number one strongest insurance brand, LIC Chairman Siddharth Mohanty said in a statement on Tuesday. The brand value of LIC remains stable at US$9.8 billion. Insurance giant Life Insurance Corporation of India has emerged as the strongest insurance brand globally. 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 in this list after LIC. 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.
Tezzbuzz News/Prajesh/Sunit
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