The Insurance Regulatory and Development Authority of India (IRDAI) has increased the investment limit by insurance companies to invest in the financial sector to 30% from 25% freeing up more money for investments in stocks and bonds in the sector.
"The authority... permits all insurers to have exposure to financial and insurance activities up to 30 per cent of investment assets," IRDAI said in a circular. The move also comes just before Life Insurance Corp of India's (LIC) Rs 21,000 cr ..
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