Friday, November 15, 2013

IRDA allows insurers more flexibility to invest

Insurance companies will now have more leeway to invest in sectors such as IT and Pharma. The
Insurance Regulatory and Development Authority has increased the sector specific exposure limit
for investments by insurers from 15 per cent to 20 per cent of their total investment, with the
exception of banking and financial services where the limit is 25 per cent and infrastructure where
there is no exposure limit.


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