The Insurance Regulatory and Development Authority of India issued a press release dated April 2, 2026, announcing the list of Domestic Systemically Important Insurers (D-SIIs) for FY 2025–26. The identified insurers remain unchanged from the previous financial year and include Life Insurance Corporation of India, The New India Assurance Company Ltd., and General Insurance Corporation of India. These insurers are considered systemically important due to their size, market significance, and interconnectedness, meaning their distress or failure could significantly disrupt the domestic financial system. As a result, their continued functioning is critical to ensuring uninterrupted insurance services in the economy. The regulator requires these entities to strengthen corporate governance, enhance risk identification, and maintain robust risk management frameworks. Additionally, D-SIIs are subject to enhanced regulatory supervision owing to their systemic importance.
Insurance Regulatory and Development Authority of India
Press Release | 02 April, 2026
IRDAI releases FY 2025-26 List of Domestic Systemically Important Insurers (D-Slls)
IRDAI completed the annual exercise of identifying Domestic Systemically Important Insurers (D-SIIs) for FY 2025-26. The following insurers continue to be identified as D-SIIs and there is no change from FY 2024-25:
1. Life Insurance Corporation of India
2. The New India Assurance Company Ltd.
3. General Insurance Corporation of India
D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system. Therefore, the continued functioning of D-Slls is critical for the uninterrupted availability of insurance services to the national economy.
Given the nature of their operations and the systemic importance of the D-Slls, these insurers have to carry forward their efforts on raising the level of corporate governance, identifying all relevant risks and promoting a sound risk management framework and culture.
D-SIIs are subjected to enhanced regulatory supervision.
