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IRDA revises cap on investment in group companies

IRDA has raised the existing cap of investment in a group companies and in a single industry from 10 to 25 per cent. The insurance companies are now free to invest more money in their group companies and in any industry. The new cap will be applicable to

Apnainsurance.com Research Bureau

05 May 2008

The insurance Regulatory Development Authority (IRDA) has raised the existing cap of investment in a group companies and in a single industry  from 10 to 25 per cent. The insurance companies are now free to invest  more money in their group companies and in any industry.  The new cap will be applicable to all insurance products

The investment cap in the single company remains unchanged at 10 per cent the new norms will enable fund managers to invest more in a particular sector.

The new investment regulations will be notified soon. A revamp of the investment regulations was approved by the IRDA Board in March 2008. The Board has also approved to bring prudential norms for all the companies at par. 

 



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