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IRDA not keen to increase equity investment cap for private insurers

India Infoline News Service/ 15:36 , Nov 29, 2012

A revision in limit can only be facilitated if there is a change in the Insurance Act

The Insurance Regulatory and Development Authority (IRDA) is not keen to increase the equity investment cap for private insurers. At present, the equity investment cap for private insurers is 10%, Radhakrishnan Nair, member (finance & investment) of IRDA, said.

A revision in limit can only be facilitated if there is a change in the Insurance Act, Mr Nair added.

Mr Nair was speaking on the sidelines of a Ficci-BOAO Forum for Asia on 27th November.

According to a notification by the finance ministry, Life Insurance Corporation of India (LIC) has been allowed to invest up to 30%.

 



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