LIC a giant in the insurance sector, is the world's strongest insurance brand

Worlddesk:
Life Insurance Corporation of India (LIC), a giant in the insurance sector, is the world's strongest insurance brand. The Brand Finance Insurance 100 report for the year 2024 states that the brand value of LIC remains intact at $9.8 billion. LIC's Brand Strength Index score is 88.3 and its brand strength rating is AAA. 
According to Brand Finance Insurance, Cathay Life Insurance is the second strongest brand in the list after LIC. The brand value of Cathay Life Insurance has increased by nine per cent to $4.9 billion. It is followed by NRMA Insurance, whose brand value has increased by 82 per cent to $1.3 billion.