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Which insurance company has continued to be identified as Domestic Systemically Important Insurers for 2021-22?
Life Insurance Corporation of India (LIC)
General Insurance Corporation of India (GIC)
New India Assurance
All of the above
Both a & b
Correct Option is All of the above
Solution:The IRDAI stated that Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC) and New India Assurance continue to be identified as Domestic Systemically Important Insurers for 2021-22. D-SIIs are insurers of such size, market importance and domestic and global interconnectedness whose distress could cause turbulence in the domestic financial system The continued functioning of D-SIIs is critical for the availability of insurance services D-SIIs are insurers that are perceived to be ‘too big or too important to fail’
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