News From Press Insurers must follow norms and invest in top-rated paper, says IRDAI chief

Insurers must follow norms and invest in top-rated paper, says IRDAI chief

Source: Business Line Sep 12, 2018

The Insurance Regulatory and Development Authority of India (IRDAI), on Tuesday, stressed that insurance companies must invest in higher-rated paper.

“Lower-rated companies may offer better returns but it may not be safe. They have to follow regulations,” said Subhash Chandra Khuntia, Chairman, IRDAI, on the sidelines of the CII Insurance and Pensions Conference.

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