The Insurance Regulatory & Development Authority of India (IRDAI) is open to insurers surpassing the 15% limit on equity holdings in a company under some conditions.
"In certain circumstances, certain companies will like to have higher exposure," IRDAI chairman TS Vijayan told ET. "If someone wants higher exposure in a particular company, they will have to take specific permission of the authority."
Vijayan added that such a provision is fair and follows the p ..
