India: Insurers' equity exposure cap increases to 15%
Source: Asia Insurance Review | Mar 2013
The Insurance Regulatory and Development Authority (IRDA) has permitted insurers to hold up to 15% of equity stake in any company, up from the current 10% limit. In a statement, the IRDA said: "Insurance companies will now be allowed to increase their exposure in equity in a given company from the present level of 10% to a higher level of 12% and 15% depending upon the size of the controlled fund of any given insurer."
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