Question

    LIC, General Insurance Corporation of India and

    _________________ are identified as Domestic Systemically Important Insurers (D-SIIs) for 2021-22.
    A United India Insurance Correct Answer Incorrect Answer
    B The Oriental Insurance Company Correct Answer Incorrect Answer
    C National Insurance Company Limited Correct Answer Incorrect Answer
    D New India Assurance Correct Answer Incorrect Answer
    E Reliance General Insurance Correct Answer Incorrect Answer

    Solution

    LIC, General Insurance Corporation of India and New India Assurance are identified as Domestic Systemically Important Insurers (D-SIIs) for 2021-22. D-SIIs refer to insurers of such size, market importance and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system.

    Practice Next
    More Beepedia Questions
    ask-question