New Student Offer - Use Code HELLO

Register Now

LIC, GIC and New India Assurance Systematically Important Insurers

Published on January 01, 2022
Current Context: As per the Insurance Regulatory and Development Authority of India (IRDAI), the Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and New India Assurance continue to be Domestically Systematically Important Insurers (D-SIIs) for FY2021-22.
LIC, GIC and New India Assurance Systematically Important Insurers
  • The D-SIIs tag is given to those insurers which are ‘too big or too important to fail (TBTF)’.
  • The failure of these insurers will cause a dislocation of the financial system and will affect majorly on the country’s economy as well.
  • Static Part: 
    • HQ of IRDAI: Hyderabad, Telangana

Question: 

Q.1 Which insurer is tagged as Domestically Systematically Important Insurers (D-SIIs) for FY2021-22 by IRDAI?
a. General Insurance Corporation of India (GIC)
b. Life Insurance Corporation of India (LIC)
c. New India Assurance
d. All of the above
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu