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Critical Financial Status
April 5 , 2026
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- Insurance Regulatory and Development Authority of India (IRDA) retained LIC, GIC Re and New India Assurance as Domestic Systemically Important Insurers (D-SII) for FY 2025–26.
- Life Insurance Corporation of India, General Insurance Corporation of India and New India Assurance Company Limited are considered critical for financial stability.
- These insurers are called “Too Big To Fail” institutions due to their large size and market importance.
- Any failure of these companies can affect the entire financial system and economy.
- They are subject to stricter regulations, better governance, and strong risk management norms.
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