LIC, India’s biggest insurance company, has improved its ranking significantly. In 2024, it was ranked 222nd on a global list of top 500 brands. But in 2025, it jumped up 45 spots to reach the 177th position. This information comes from a report called ‘Brand Finance Global 500 2025’.
LIC Rises To Rank 177 Position
LIC, India’s largest insurer, experienced strong growth in 2024. Their new business premiums increased by 14.64% compared to the previous year. This growth rate is higher than the overall insurance sector (14.41%) and even better than other private life insurance companies (14.55%). This information is based on data from the Life Insurance Council.
- LIC’s Income: In 2024, LIC collected a total of ₹2,33,073.36 crore in premiums. This is a significant increase of 14.64% compared to the ₹2,03,303 crore they collected in 2023.
- Overall Insurance Industry: The entire life insurance industry in India saw a growth of 14.55% in 2024. They collected a total of ₹4,02,773.18 crore in premiums, up from ₹3,51,626.20 crore in 2023.
- Private Insurers: Private life insurance companies also experienced growth. They collected ₹1,69,699.83 crore in premiums in 2024, which is a 14.41% increase compared to ₹1,48,323.21 crore in 2023.
In essence: LIC, the overall insurance industry, and private insurers all saw a healthy growth in their premium income in 2024.
“Bima Sakhi” scheme has been well-received and appreciated by people across India.
