News Regulations27 Apr 2020

India:Regulator directs insurers to suspend dividend payments for FY2020

27 Apr 2020

The IRDAI has directed insurers, in view of the emerging market conditions, and to conserve capital in the interests of policyholders and the economy at large, to take a conscious call to refrain from paying out dividends from profits pertaining to the financial year ended 31 March 2020 (FY2020), till further instructions.

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