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With $504 billion reserves, LIC 4th largest insurer

IndiaTimes Tuesday, 5 December 2023
LIC, with $503.7 billion reserves, is the fourth largest insurer globally. Allianz SE, China Life Insurance, and Nippon Life Insurance are the top three. LIC is the only Indian company in the top 50. European companies dominate, with the UK having the most. Despite India's small share in global life insurance, LIC has a disproportionate market share. In terms of premium income, India ranks seventh globally. Asia has the second-highest number of insurers, with China and Japan leading. MetLife is the largest US-based insurer, ranking seventh globally.
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