The Insurance Regulatory and Development Authority of India (IRDAI) vide circular dated March 24, 2022 has issued a clarification regarding Dividend Criteria for Equity Investment under “Approved Investment”. Insurers are permitted to classify investments in Preference Shares and Equity Shares as part of “Approved Investment”. Dividend shall be paid on such Shares for at least 2 years out of 3 consecutive years.
The notification shall be effective for the period from 1st April, 2022 to 30th September, 2022.
