The insurance regulator has tightened equity investment norms by prescribing a dividend track record of 10 per cent for the last two years instead of the earlier 4 per cent in the last eight out of the nine years.
The Insurance Regulatory and Development Authority (IRDA) has said that insurance companies can invest in equity shares of any listed company where at least 10 per cent dividend has been paid for at least two consecutive years under the approved investment category .
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