Which of the following public sector insurance companies

Solution

The Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC Re), and New India Assurance Company continue to be identified as Domestic Systemically Important Insurers (D-SIIs) by IRDAI. • LIC: The largest life insurance company in India, playing a crucial role in the domestic financial system. • GIC Re: The only Indian reinsurer, making it systemically important due to its interconnectedness in the global and domestic insurance markets. • New India Assurance: The largest general insurance company, providing essential services to the national economy. • D-SIIs: These insurers are considered "too big or too important to fail" because their distress or failure could cause significant disruption to the domestic financial system. As a result, they are subject to additional regulatory measures for risk management and corporate governance to mitigate systemic risks.