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

Published on May 02, 2021
Current Context: The Life Insurance Corporation (LIC) has emerged as the 3rd strongest and the 10th most valuable insurance brand globally.
LIC—3rd Strongest & 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
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