Insurance Regulatory and Development Authority of India (IRDAI) retains LIC, GIC Re, New India Assurance as D-SIIs for FY26

Exam-focused facts from the 4 April 2026 current affairs briefing.

Key facts

Insurance Regulatory and Development Authority of India (IRDAI) has retained Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC Re), and The New India Assurance Company Ltd. as Domestic Systemically Important Insurers (D-SIIs) for FY 2025-26.
The list remains unchanged from FY 2024-25 following IRDAI's annual assessment.
D-SIIs are insurers whose distress or failure could significantly disrupt the domestic financial system.
IRDAI mandates these insurers to strengthen corporate governance standards, enhance risk identification processes, and promote a robust risk management framework.
The identified insurers will continue to be subject to enhanced regulatory supervision.