New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is not one of the Domestic

    Systemically Important Insurers (D-SIIs) for 2021-22?
    A LIC Correct Answer Incorrect Answer
    B GIC Re Correct Answer Incorrect Answer
    C New India Assurance Co Correct Answer Incorrect Answer
    D Allianz Correct Answer Incorrect Answer
    E All of the above are D-SIIs Correct Answer Incorrect Answer

    Solution

    Insurance Regulatory and Development Authority of India (Irdai) has stated that LIC, GIC Re and New India continue to be 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 interconnectedness, whose distress or failure would cause significant dislocation in the domestic financial system.  

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