The Insurance Regulatory and Development Authority (Irdai) has classified Life Insurance Corporation (LIC), General Insurance Corporation of India (GIC Re), and New India Assurance as Systemically Important Insurers (D-SII) for the financial years 2025 and 2026. This signifies these insurers are deemed crucial to the Indian insurance sector's stability.

The New India Assurance company has successfully overturned a ₹20.3 crore penalty for the tax year 2019-20, as announced by the National Faceless Appeal Centre on 1st March 2026. This decision marks a significant relief for the insurance giant.