Question
The Insurance Regulatory and Development Authority of
India (Irdai) has eliminated the need for caseby-case approval for insurer investments in Infrastructure Development Fund (IDF) to boost investments in the infrastructure sector. It has laid down certain conditions, such as IDF-NBFC registration with RBI, a minimum _______ -year residual tenure for debt securities must be met for investments to be approved.Solution
The Insurance Regulatory and Development Authority of India (Irdai) has eliminated the need for caseby-case approval for insurer investments in Infrastructure Development Fund (IDF) to boost investments in the infrastructure sector. Irdai has removed the requirement for individual approval, however, it has laid down certain conditions, such as IDF-NBFC registration with RBI, a minimum five-year residual tenure for debt securities, and a minimum 'AA' credit rating, must be met for investments to be approved.
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