IRDAI permits Insurers to classify investments in Preference Shares and Equity Shares as a part of Approved Investments.

The Insurance Regulatory and Development Authority of India in its circular dated 31st March 2021 has permitted Insurers to classify investments in Preference Shares and Equity Shares as a part of “Approved Investment” if such Shares have paid dividend “for at least 2 years out of 3 consecutive years immediately preceding” instead of “for at least 2 consecutive years immediately preceding” for the period from 1st April, 2020 to 30th Sep, 2021.

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