Insurance Regulatory and Development Authority of India (IRDAI) has identified three insurance companies as Domestic Systemically Important Insurers (D-SIIs) for the fiscal year, 2020-21. The move is an extension of the same stature.
Those are state-backed entities including Life Insurance Corporation of India, General Insurance Corporation of India NSE 4.96 % and New India Assurance NSE 3.89 %, the insurance regulator said in a release on Thursday.
