Question
LIC, ____________________ and New India Assurance are
identified as Domestic Systemically Important Insurers (D-SIIs) for 2021-22.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.
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