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IRDAI has decided to raise the investment ceiling for insurance companies in the BFSI industry from 30% to 25%. This move comes before the government plans to release the IPO of the Life insurance corporation of India. This move further enables the investment by insurers in the BFSI sector. “The authority… permits all insurers to have exposure to financial and insurance activities up to 30 per cent of investment assets, ” The IRDAI circular stated.
Industry players in the Insurance sector have welcomed this move. This will further facilitate them to diversify their investment options.
The insurance market in the country has been seeking an increase in the sectoral limit that was capped at 25%. The rise in the cap to 30% will enable the insurance companies to increase their presence in the sector.
IRDAI raised the investment limit of insurers to 30% in the BFSI sector
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