News From Press IRDAI urges insurers to take “conscious call” on dividend payouts owing to covid-19 pandemic

IRDAI urges insurers to take “conscious call” on dividend payouts owing to covid-19 pandemic

The regulator said that the conservative capital management position would be reexamined later based on the financial performance of insurance companies in quarter ending September 2020.

ET Apr 25, 2020

Mumbai: Insurance Regulatory and Development Authority of India (IRDAI) has directed insurance companies to manage financial resources prudentially in the view of fallout in business due to covid-19 pandemic.

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