The Insurance Regulatory and Development Authority of India (IRDAI) has released the list of Domestic Systemically Important Insurers (D- SIIs) for FY 2025-26, retaining Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC Re), and The New India Assurance Company Ltd. in the category.

MA The regulator said there is no change in the list from FY 2024-25, following its annual assessment exercise to identify insurers whose size, market importance, and interconnectedness make them critical to the stability of the financial system.

D-SIIs are insurers whose distress or failure could lead to significant disruption in the domestic financial system, making their continued functioning essential for ensuring uninterrupted insurance services to the economy.

Given their systemic importance, IRDAI said these insurers are required to strengthen corporate governance standards, enhance risk identification processes, and promote a robust risk management framework and culture.

The identified insurers will continue to be subject to enhanced regulatory supervision, in line with their critical role in maintaining financial stability.