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On December 30, 2021 Insurance regulator IRDAI has identified the state-owned LIC, GIC and New India Assurance Co. Ltd as Domestic Systemically Important Insurers (D-SIIs) for 2021-22, in continuation.
What is D-SIIs?
What are the Requirements for D-SIIs?
Insurance Regulatory and Development Authority of India (IRDAI)
IRDAI is a regulatory body, working under the jurisdiction of Ministry of Finance. It is tasked to regulate and license the insurance and re-insurance industries across India. The body was constituted in accordance with the Insurance Regulatory and Development Authority Act, 1999. Its headquarter moved from Delhi to Hyderabad, Telangana in 2001.
Members of IRDAI
IRDAI has 10-members, including the chairman, 5 full-time and 4 part-time members appointed by Central government.
By: Brijesh Kumar ProfileResourcesReport error
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