Insurance News: Insurance regulator IRDAI said that the investment limit is being increased with the aim of providing more flexibility to insurance companies to get better returns from their funds.
Insurance News: Insurance regulator IRDAI has increased the investment limit of insurance companies in the bank, financial and insurance sector (BFSI) from 25 percent to 30 percent.
Giving information about this decision in a circular, the Insurance Regulatory and Development Authority of India (IRDAI) said that the investment limit is being increased with the aim of providing more flexibility to insurance companies to get better returns from their funds, PTI reported. .
All insurance companies get permission
According to the news, according to this circular, the authority allows all insurance companies to invest up to 30 percent of the investment property in the financial and insurance sector. Along with this, the investment limit for assets has been revised to 30 per cent.
Insurance companies will be helped in deciding the investment strategy
Welcoming the decision, Mayank Gupta, Co-Founder and Chief Operating Officer, Zopar said, “IRDAI has taken many good steps in the recent times. The increase in the investment asset limit is a good move as it will give more room to the insurance companies to tailor their investment strategy.
Companies will have convenience
Kapil Mehta, co-founder of Secure Now, said that this decision of the regulator (IRDAI) allows insurance companies to invest in various assets and improve their returns in the long term. He said that the 30 per cent restriction on the investment limit is not excessive in itself, so there is no threat to the complete security of the insurer.
