2022
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
United India Insurance
|
|
|
Life Insurance Corporation of India
|
|
|
General Insurance Corporation of India
|
|
|
The New India Assurance Co. Ltd
|
Detailed explanation-1: -What is D-SII? Domestic Systemically Important Insurers (D-SIIs) refer to 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.
Detailed explanation-2: -What is D-SIIs? D-SIIs are insurers of such size, market importance, and domestically & globally inter-connected, whose failure or distress will result into significant dislocation in domestic financial system. D-SIIs are perceived as insurers which are ‘too big or too important to fail’ (TBTF).
Detailed explanation-3: -Aviva Life. Bajaj Allianz. Bharti AXA. Canara HSBC Oriental Bank of Commerce.
Detailed explanation-4: -Insurance regulator, 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.