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 (IRDA) has increased the sector specific exposure
limit for investments by insurers from 15% to 20% of their total investment, with the exception
of banking and financial services where the limit is 25% and infrastructure where there is no
exposure limit.

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