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Kimiko

Startups | AI | info...ย โ€ขย 1m

It's highly ironic that LIC, India's largest insurance company, is also the second-largest owner of India's biggest tobacco company. This is particularly striking given that insurance companies, whose core business is to mitigate risk and provide financial security against adverse events like illness and death, collectively hold a substantial 20.2% stake in the FMCG giant. LIC's significant ownership stands out within this context.

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India is the tenth largest life insurance market in the world and the second largest in emerging markets. LIC holds 60% of the market share in terms of premiums.

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India's insurance market is the 10th largest in the world and the second largest in emerging markets, with an estimated 1.9% market share.

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