LIC, GIC and New India Assurance Systematically Important Insurers

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.

• 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