The Insurance Regulatory and Development Authority of India (“ IRDAI/ Authority ”) has issued a press release on the list of Domestic Systemically Important Insurers (D-SIIs) for FY 2025-26 dated April 02, 2026 (” Press Release “).
The key highlights of the Press Release are as follows:
- IRDAI upon completion of its annual exercise of identifying Domestic Systemically Important Insurers (D-SIIs) for FY 2025-2026 has identified insurers as D-SIIs and there is no change from FY 2024-25.
- The list of D-SIIs are as follows:
- Life Insurance Corporation of India
- The New India Assurance Company Ltd.
- General Insurance Corporation of India
- D-SIIs are 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.
- The continued functioning of D-SIIs is critical for the uninterrupted availability of insurance services to the national economy.
- The D-SIIs have to carry forward their efforts on raising the level of corporate governance, identifying all relevant risks and promoting a sound risk management framework and culture.
- Further, the D-SIIs are subjected to enhanced regulatory supervision.
A copy of the Press Release has been attached herewith for your ready reference.
Source category: IRDAI
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