Domestic Systemically Important Insurers D-SIIs List 02.04.2026

IRDAI formally designated certain insurers as Domestic Systemically Important Insurers (D-SIIs) under the applicable regulatory framework effective 02.04.2026. The designation criteria include factors such as size, market share, cross-jurisdictional activity, interconnectedness with other financial institutions, and non-substitutability of services.

D-SIIs designated under this framework will be subject to enhanced supervisory requirements including higher capital adequacy norms, stricter risk management standards, recovery and resolution planning obligations, and more frequent regulatory reporting. Insurers seeking designation removal or modification must demonstrate reduced systemic importance through demonstrated changes in business operations, risk profile, or market position.