The Insurance Regulatory and Development Authority of India (Irdai) has allowed insurers to invest a portion of their investable funds in “Fund of Funds” (FoF). FoF is a pooled Fund which makes investments in other funds falling under Alternative Investment Funds (AIF) into which the insurers are already authorised to invest some specified portion of their investable fund. By investing in FoF, the insurers can diversify their investments to the extent it is safe and profitable.
Insurers receptive to covering chronic ailments, declare PEDs honestly
Read More