Life Insurance Corporation, which is bound to have the country’s biggest share sale till March, is the country’s strongest and largest brand with a valuation of USD 8.656 billion (approximately). 64,722 crore), which makes it the third strongest insurance brand globally, as per the Brand Valuation Report.
According to London-based Brand Finance, which is a brand consultancy, the market value of LIC will become 43.40 lakh crore or USD 59.21 billion by 2022, and 58.9 lakh crore or US$ 78.63 billion by 2027.
LIC’s brand value also climbed 32 places in the overall global brand rankings to become the world’s 206th most valuable brand in 2021 from 238th in 2020.
As per this valuation, LIC is the largest and strongest brand in the country with a valuation of USD 8.655 billion in 2021, a growth of 6.8 per cent from USD 8.11 billion in 2020, when the top 100 insurers were valued globally. declined by 6 percent. ,
The corporation ranks first in brand strength among the competitive set with a score of 84.1 and is ranked third in brand strength globally behind Italy’s Poste Italiano and Spain’s Mapfrey, and the 10th most valuable insurance globally. The brand is also there, as per reports prepared in November 2021 but it has not been made public yet.
Interestingly, while the state-owned insurer increased its brand value by 6.8 per cent last year, all other top 100 insurers saw a 6 per cent decline in their brand value from USD 462.4 billion in 2020 to 433.0 per cent in 2021. Billion USD.
Five of the top 10 are Chinese insurers, with Ping An Insurance becoming the world’s most valuable insurance brand despite a 26 percent drop in brand value. The US has two companies in the top 10, while France, Germany and India have one each in the list.
This makes LIC the only domestic insurer that ranks in the Top 10 Strongest Brands list and in the Top 10 Most Valuable Insurance Brands.
At this valuation, LIC could achieve a market cap of US$51.2 billion in 2021, which is slightly lower than US$53.71 billion in 2020 and in rupee terms. 1.2 percent less than Rs 37.5 lakh crore in 2021 38.2 lakh crore in 2020.
The agency estimates that the value of LIC will touch 43.40 lakh crore or USD 59.21 billion by the end of 2022, and becomes a 58.9 lakh crore or US$ 78.63 billion by 2027.
LIC has grown at a rate of 14 per cent since 2014 at a rate of 151 per cent per annum. The LIC percentage across all three pillars has remained positive between 2020 and 2021, with a significant increase of 11 per cent in brand performance measures. After four years of continuous decline, LIC’s brand strength grew by nearly 14 points between 2018 and 2021.
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