Friday, February 15, 2008

EASIER INVESTMENT RULES FOR INSURANCE COMPANIES LIKELY

Insurance companies are all set to get the freedom to invest more in the equity and debt markets following a comprehensive overhaul of the investment regulation norms. According to the recommendations of the Investment Advisory Committee, insurance companies will be given more freedom in deciding the discretionary investments. These investments are made mainly in initial public offers of Companies and venture capital funds in order to channelise more funds from the insurance sector to infrastructure developers without bothering about collateral or their record of interest payments.

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