News Regulations28 Sep 2020

India:IRDAI names LIC, GIC Re, New India as entities that are too big to fail

| 28 Sep 2020

The IRDAI has named three public sector insurance companies - Life Insurance Corporation (LIC), General Insurance Corporation (GIC Re) and New India Assurance - as 'too big or too important to fail' (TBTF) institutions or Domestic Systemically Important Insurers (D-SIIs) for the year 2020-21 fiscal year.

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