Speak now

In continuation to circular no:  IRDAI/F&I/CIR/INV /255/09/2021 DT  27th   Sep, 2021 on the subject, the Authority in exercise of its powers conferred  under Regulation 14(2) of the IRDAI (Investments) Regulations, 2016, hereby  permits Insurers to classify investments in Preference Shares and Equity  Shares as part of "Approved Investment" if dividend is paid on such Shares ''for at least 2 years out of 3 consecutive years immediately preceding " instead of ''for at least 2 consecutive years immediately preceding" (as required under Regulation 3(a)(4) and 3(a)(5) of IRDAI (Investment) Regulations, 2016) for the period from 1st April, 2022 to 30th September, 2022, refer attachment for further details.