2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which insurer was not designated as a Domestic Systemically Important Insurer (D-SII) for 2022-23?
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Life Insurance Corporation of India
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General Insurance Corporation of India
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The New India Assurance Co. Ltd.
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Axis Bank Mutual Insurance Ltd.
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Explanation:
Detailed explanation-1: -as Domestic Systemically Important Insurers (D-SIIs) for 2022-23. Axis Bank Mutual Insurance Ltd. was not designated.
Detailed explanation-2: -India’s Insurance Regulatory and Development Authority (Irdai) has declared three state-run insurers, Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and New India Assurance, as Domestic Systemically Important Insurers (D-SIIs).
Detailed explanation-3: -UPSC Mains The committee headed by IRDAI member (finance and investment) Pravin Kutumbe will submit its report within six months.
There is 1 question to complete.