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Insurance

Information about IRDAI permit Insurers' exposure to fin, insurance upto 30% of investment assets available for investment. Back
IRDAI permit Insurers' exposure to fin, insurance upto 30% of investment assets
29-Apr-22   14:10 Hrs IST


The Insurance Regulatory and Development Authority of India (Irdai) on Friday permitted insurance companies to have exposure to financial and insurance activities upto 30% of investment assets.

"The authority in exercise of its powers conferred under Regulation 14(2) of the IRDAI (Investment) Regulations, 2016, permits all insurers to have exposure to financial and insurance activities (as per section K of NIC classification) up to 30% of investment assets," the insurance regulator said in a statement.

Accordingly, the limit of 25% of investment assets stands revised to a limit of 30% of investment assets.

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