LIC ranked world’s third strongest insurance brand
Life Insurance Corporation of India (LIC) has been ranked third among the world's strongest insurance brands
- NEW DELHI — The
Life Insurance Corporation of India (LIC) has been ranked third among the
world's strongest insurance brands, achieving a Brand Strength Index (BSI)
score of 88 out of 100, according to the Brand Finance Insurance 100 2025 report.
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- Poland-based PZU secured the top spot with a BSI score of
94.4, followed by China Life Insurance, which ranked second with a BSI score of
93.5.
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- In terms of overall brand value, the LIC holds the 12th
position among the most valuable insurance brands globally, while SBI Life
ranks 76th, making them the only two Indian insurers in the top 100.
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- According to the Brand Finance report, the top 100 insurance
brands have grown 9 per cent in brand value in 2025, driven by improved
underwriting results, higher investment income, rising interest rates, and
increased profitability. Market capitalisation for top insurance brands rose as
demand for insurance products increased across sectors. Economic recovery and
positive market sentiment have strengthened investor confidence, while
strategic mergers, acquisitions, and technological advancements have
accelerated industry growth.
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- On the financial front, the LIC reported a 17 per cent
year-on-year rise in standalone net profit for the December quarter, reaching
INR 11,056.47 crore, compared to INR 9,444.42 crore in the previous year. This
growth was supported by a decline in management expenses, particularly
employee-related costs.
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- On a consolidated basis, the LIC's net profit increased by
16 per cent to INR 11,009 crore, up from INR 9,469 crore a year earlier.
Employee compensation and welfare expenses saw a 30 per cent decline, dropping
to INR 14,416 crore from INR 18,194 crore, leading to a 231 bps reduction in
the expense ratio to 12.97 per cent from 15.28 per cent.
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- Meanwhile India’s insurance sector has got a major boost
with Finance Minister Nirmala Sitharaman announcing an increase in the FDI
limit from 74 per cent to 100 per cent in the Budget for 2025-26 as part of far
reaching reforms in the financial sector.
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- This enhanced FDI limit for the insurance sector will be
available for those companies which invest the entire premium in India. The
current guardrails and conditionalities associated with foreign investment will
be reviewed and simplified, the Finance Minister said.
