Correct Answer : Option (D) - Life Insurance Corporation of India
Insurance giant Life Insurance Corporation of India (LIC) has emerged as the strongest insurance brand globally. According to the Brand Finance Insurance 100, 2024 report, the brand value of LIC remains stable at Rs 816 billion. It also has a Brand Strength Index score of 88.3 and an associated AAA brand strength rating. According to a statement by Brand Finance Insurance, Cathay Life Insurance has been shown as the second strongest brand on the list after LIC. The brand value of Cathay Life Insurance has increased by nine per cent to Rs 408 billion.
Next is NRMA Insurance, whose brand value has increased by 82 per cent to Rs 108 billion. As per the statement, China’s insurance brands have maintained their dominance in the global rankings. The Ping An brand led the way with a four per cent increase in value to Rs 2799 billion. After this, China Life Insurance and CPIC are in third and fifth position respectively.