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The IRDAI has reaffirmed LIC, New India Assurance, and GIC Re as Domestic Systemically Important Insurers (D-SIIs) for the year 2024-25

Kumari Sonali

The IRDAI has reaffirmed LIC, New India Assurance, and GIC Re as Domestic Systemically Important Insurers (D-SIIs) for the year 2024-25:

The Insurance Regulatory and Development Authority of India (IRDAI) has once again designated Life Insurance Corporation of India (LIC), The New India Assurance Company, and General Insurance Corporation of India (GIC Re) as Domestic Systemically Important Insurers (D-SIIs) for the year 2024-25. These insurers are considered critical to the stability of the Indian financial system due to their size, market importance, and interconnection with the domestic and global economy

D-SII Insurers for 2024-25:

  • LIC (Life Insurance Corporation of India)
  • The New India Assurance Company
  • GIC Re (General Insurance Corporation of India)

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