IRDAI issues dividend criteria for equity investment under approved investment.

The Insurance Regulatory and Development Authority of India vide its circular dated 21st August 2020 has permitted Insurers to classify investments in Preference Shares and Equity Shares as a part of “Approved Investment” if such Shares have paid a 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 31st March 2021.

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