Exposure of Insurers to Financial and Insurance Activities

Insurance Regulatory and Development Authority

CIRCULAR  REF: IRDAI/F&I/CIR/INV/81/04/2022  | Date: 29th April, 2022

Exposure of Insurers to Financial and Insurance Activities

The Authority in exercise of its powers conferred under Regulation 14(2) of the IRDAI (Investment) Regulations, 2016, permits all Insurers to have exposure to Financial and Insurance activities (as per section K of NIC classification) up to 30% of Investment assets.

Accordingly, the limit of 25% of Investment Assets mentioned in Note no. 8 to Reg.9 of IRDAI (Investment) Regulations, 2016 stands revised to a limit of 30% of Investment Assets.

Sd/-
(M S Jayakumar)
GM-Investments