The Insurance Regulatory and Development Authority of India on 29th April 2022, has permitted all Insurers to have exposure to Financial and Insurance activities up to 30% of Investment assets.
Accordingly, the limit of 25% of lnvestment Assets mentioned in Note no. 8 to Reg,9 of IRDAI (lnvestment) Regulations, 2016 stands revised to a limit of 30% of investment Assets
As per Note 8 to reg 9 of IRDAI (investment) Regulation, 2016, Investment in housing financing companies and infrastructure financing companies (except investment in bonds/debentures of HUDCO, NHB and only bonds issued by housing finance companies having a rating of not less than AAA, and investment in debt, equity in dedicated infrastructure financing entities forming part of infrastructure sector) shall form part of exposure to financial and insurance activities.
