News From Press IRDAI issues norms for REIT, InvIT; here’s what it means for investors, policy holders

IRDAI issues norms for REIT, InvIT; here’s what it means for investors, policy holders

Source: The Financial Express Mar 17, 2017

The Insurance Regulatory and Development Authority of India (IRDAI) has issued certain amendments to investments in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).

Here’s what the new norms mean to investors and policy holders:

*Insurers can invest in units of REITs and InvITs that are rated not less than AA. They will form part of the approved investments. REITs and InvITs rated less than AA shall form part of other investments.

Insurers can invest in units of REITs and InvITs that are rated not less than AA. They will form part of the approved investments. REITs and InvITs rated less than AA shall form part of other investments.

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