IRDAI eases norms for insurer investment in infrastructure debt funds?

Economy Business

The Insurance Regulatory and Development Authority of India (IRDAI) has relaxed certain norms on investment in infrastructure debt funds (IDFs) of non-banking financial companies (NBFCs) by insurance companies. Previously, insurers were permitted to invest in IDFs backed by the central government on a case-by-case basis. The regulator has done away with the requirement for case-by-case approval for IDF as a measure to encourage investments by insurers in the sector and to increase the ease of doing business.


      The Insurance Regulatory and Development Authority of India (IRDAI) has relaxed certain norms on investment in infrastructure debt funds (IDFs) of non-banking financial companies (NBFCs) by insurance companies.

      This is in the wake of the Reserve Bank of India's (RBI's) decision to enable IDF-NBFCs to play a greater role in financing the infrastructure sector.

      IRDAI eases norms for insurer investment in infrastructure debt funds

 

     


About IRDAI (Insurance Regulatory and Development Authority):

Chairperson: Debasish Panda
Founded: 1999
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