LIC—3rd Strongest & 10th Most Valuable Insurance Brand Globally

Current Context: The Life Insurance Corporation (LIC) has emerged as the 3rd strongest and the 10th most valuable insurance brand globally.

• This was announced by Brand Finance Insurance 100 report for 2021.
• The report was released by Brand Finance, which is the London-based brand valuation consultancy firm.
• As per the report, the most Valuable Global Insurance Brand with 1st rank is Ping An Insurance, China.
• And the Strongest Global Insurance Brand with 1st rank is Poste Italiane, Italy.
• As per the report, LIC’s brand value raised by almost 7% i.e. to $8.65 billion in 2021.
• Static Part: 
• HQ of LIC: Mumbai
• Chairman of LIC: MR Kumar

Question: 

Q.1 As per Brand Finance Insurance 100 report for 2021, Life Insurance Corporation (LIC) is emerged as ___ strongest and the ___ most valuable insurance brand globally?
a. 2nd and 12th
b. 3rd and 10th
c. 7th and 4th
d. 10th and 5th