Question
Recently IRDAI hiked maximum investment limit of
insurers in banking, financial services and insurance (BFSI) companies from 25% to ________?Solution
IRDAI hiked maximum investment limit of insurers in banking, financial services and insurance (BFSI) companies to 30% of their assets from 25%. Investment in housing financing companies and infrastructure financing companies will be a part of this. As per the latest changes to Irdai’s investment Regulations, 2016, the exposure limit for financial and insurance activities will now stand at 30% of investment assets for all insurers. Investment in housing financing companies and infrastructure financing companies will be a part of this. Experts feel that the hike by the regulator will help insurers bring their exposure to financial and insurance activities near broader Indian market indices. The life insurance industry had been seeking an increase in the current 25% sectoral limit on exposure to the BFSI Sector.
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