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Kochi, Dec 6 – Life Insurance Corporation (LIC) has emerged as the fourth-largest global life insurer as per the “Top 50 Life Insurers in the World” ranking by S&P Global Market Intelligence.

In a major recognition of its financial strength, India’s state owned LIC has emerged as the fourth largest global life insurer, according to a new ranking, on the basis of life and accident & health reserves, by S&P Global Market Intelligence, a release said.

Companies are ranked by 2022 life and accident & health reserves. Life and accident & health reserves generally represent a liability to provide for future commitments under outstanding policies.