As per a brand valuation report released by Brand Finance in February 2022, what is the rank of Life Insurance Corporation of India (LIC) in the list of insurance brands globally?

Correct option is C

The correct answer is (c) 10th

Key points:

• 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. LIC has a valuation of USD 8.656 billion (around Rs 64,722 crore). Of the top 10, as many as 5 are Chinese insurance companies, with by Ping An Insurance emerging as the world’s most valuable insurance brand, despite recording a 26 per cent drop in brand value.
• The US has two companies in the top 10, while France, Germany, and India have one each in the list.
  

Information booster:

• LIC Chairperson: Siddharth Mohanty
• LIC Headquarters: Mumbai.
• LIC Founded: 1 September 1956.