The Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC) and The New India Assurance Co have been identified as Domestic Systemically Important Insurers (D-SIIs) for 2020-21 by insurance regulator IRDAI.
Context
The Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC) and The New India Assurance Co have been identified as Domestic Systemically Important Insurers (D-SIIs) for 2020-21 by insurance regulator IRDAI.
About
What are D-SIIs?
Methodology for identification & supervision of D-SIIs
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The new D-SIIs
GIC Re and New India are listed insurers while LIC is in the process of listing on the stock exchanges through a disinvestment by the government. All three entities are owned by the government.
About IRDAI
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What will they do as ‘D-SIIs’?
Verifying, please be patient.