Q. What is the full form of “D-SII” that is seen in news recently?
Answer:
Domestic Systemically Important Insurers
Notes: Insurance regulator IRDAI has identified Life Insurance Corporation (LIC), General Insurance Corporation (GIC) and New India Assurance (NIA) as Domestic Systemically Important Insurers (D-SII).
D-SIIs are insurance companies of such large size and market importance, whose failure would cause a distress in domestic financial system. D-SIIs would be subjected to higher level of regulatory supervision.