LIC: With $504 billion reserves, LIC 4th largest insurer
MUMABI: LIC is the fourth largest insurer in the world based on reserves, according to a report by S&P Global Market Intelligence.According to the report, LIC’s reserves stood at $503.7 billion. Germany’s Allianz SE ($750.2 billion), China Life Insurance Company ($616.9 billion) and Nippon Life Insurance Company ($536.8 billion) are the top three insurance companies … Read more