IRDAI has vide ref. no . IRDAI/F&I/CIR/INV/51/03/2022 dated March 24, 2022 issued a Circular on Dividend Criteria for Equity Investment under “Approved Investment”.
Major highlights of the Circular
In continuation of Circular No. IRDAI/F&I/CIR/INV/255/09/2021 dated September 27, 2021 on Dividend criteria for Equity Investment under Approved Investment, the Authority has permitted insurers to classify investments in Preference Shares and Equity Shares as part of “Approved Investment” if dividend is paid on such Shares “ for at least 2 years out of 3 consecutive years immediately preceding ” instead of “ for at least 2 consecutive years immediately preceding” (as required under Regulation 3(a)(4) and 3(a)(5) of IRDAI (Investment) Regulations, 2016) for the period from 1 st April, 2022 to 30 th September, 2022.
Source category: IRDAI
Attachments
- /2022/7_Dividend_criteria_for_Equity_Investment_under_Approved_Investment.pdf
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