Brand Finance India 100 Report Highlights LIC’s Market Strength
Life Insurance Corporation of India (LIC) has been ranked as the 4th most valuable brand in India with a brand value of $9.8 billion, according to the Brand Finance India 100 report for 2024. LIC also achieved a brand strength index score of 88 and an AAA brand strength rating, solidifying its position as the top insurance brand in India. The report emphasizes LIC’s strong performance and its retention of the No. 1 rank in the insurance sector.
Key Highlights:
- Brand Value: $9.8 billion
- Brand Strength Index Score: 88
- Rating: AAA
- Top Ranks: 4th most valuable brand in India, 1st in the insurance sector
LIC’s public shareholding is currently at 3.5%, with the government holding the remaining 96.5%. SEBI has granted LIC an extension until May 2027 to comply with the 10% public shareholding norm. LIC’s shares were listed on the bourses on May 17, 2022, with the current share price at ₹989.05 as of June 28, 2024.
