Insurance Regulatory and Development Authority of India (IRDAI) is looking into the area of private equity firms investing in insurance companies.
IRDAI chairman TS Vijayan said that this is a topic under discussion and that the regulator may arrive at a decision in a month or so.
"There are two categories, one where there is an investor in an insurance company holding less than 10 percent stake and the other is a promoter. We are looking at these investments and their feasibility and we will come to a decision in a month or so," he said on the sidelines of an Assocham Insurance Summit.
