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    LIC Ranked 3rd Strongest Insurance Brand Globally

    By vikasNo Comments2 Mins ReadMarch 11, 2025
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    LIC Ranked 3rd on Insurance Brand Globally
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    The third strongest insurance brand worldwide has been ranked LIC as having a Brand Strength Index (BSI) score of 88 which puts it in the third position in the Brand Finance Insurance 100 (2025) report. It was toped by PZU of Poland with BSI score of 94.4 and China Life Insurance in second place with 93.5. In terms of brand value, it has emerged as global 12 th, while SBI Life, the only other Indian insurer in the top 100, has been placed at 76 th position. The insurance market across the globe witnessed 9% growth in brand value in the year 2025 as a result of higher investment income, higher interest rates and improved profitability. The market capitalization of insurers also rose due to increasing demand for insurance products, economic recovery, strategic mergers, acquisitions, and technological advancements. LIC has also posted robust financial performance; it posted growth in its standalone profit after tax for the quarter ended December 2023 by 17% YoY to ₹11,056.47 crore from ₹9,444.42 crore a year ago. Its consolidated profit after tax has also grown by 16% YoY to ₹11,000 crore. Also, there was an improvement on the cost efficiency side; management expenses declined. It also reduced employee compensation and welfare costs by 30 per cent while the expense ratio also reduced by 231 basis points to 12.97% from 15.28%.

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