Question

LIC, ____________________ and New India Assurance 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 General Insurance Corporation of India 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
×
×