The Life Insurance Corporation of India (LIC) has been ranked third among the world’s strongest insurance brands, according to the Brand Finance Insurance 100 2025 report. With a Brand Strength Index (BSI) score of 88 out of 100, LIC trails behind Poland-based PZU and China Life Insurance, which secured the top two spots with scores of 94.4 and 93.5, respectively. In terms of overall brand value, LIC ranks 12th globally, while SBI Life ranks 76th, making them the only two Indian insurers in the top 100.
The top 100 insurance brands have seen a 9% growth in brand value in 2025, driven by improved underwriting results, higher investment income, and increased profitability. The market capitalization of top insurance brands has risen due to increased demand for insurance products across sectors. Economic recovery and positive market sentiment have also strengthened investor confidence, leading to strategic mergers, acquisitions, and technological advancements that have accelerated industry growth.
LIC’s financial performance has been impressive, with a 17% year-on-year rise in standalone net profit for the December quarter, reaching Rs 11,056.47 crore. The company’s consolidated net profit also increased by 16% to Rs 11,009 crore, driven by a decline in management expenses, particularly employee-related costs. The expense ratio decreased by 231 basis points to 12.97% from 15.28% due to a 30% decline in employee compensation and welfare expenses.
The Indian insurance sector has also received a significant boost with the announcement of an increase in the foreign direct investment (FDI) limit from 74% to 100% in the Budget for 2025-26. This move is expected to attract more foreign investment in the sector, as companies that invest the entire premium in India will be eligible for the enhanced FDI limit. The government has also announced plans to review and simplify the current guardrails and conditionalities associated with foreign investment in the insurance sector. Overall, the Indian insurance sector is poised for significant growth and development in the coming years.