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Circular
Ref. No:IRDAI/F&I/CIR/INV/51/03/2022 Date:24-03-2022
Dividend Criteria for Equity Investment under “Approved Investment”

 

 

 

 

 

REF: IRDAI/F&I/CIR/INV/51/03/2022                       Date: 24th March, 2022

 

 

CIRCULAR

 

Dividend Criteria for Equity Investment under “Approved Investment”

 

In continuation to circular no: IRDAI/F&I/CIR/INV/255/09/2021 Dt. 27th Sep, 2021 on the subject,  the Authority in exercise of its powers conferred under Regulation 14(2) of the IRDAI (Investments) Regulations, 2016, hereby permits 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 1st April, 2022 to 30th September, 2022.

 

 

Sd/

(M S Jayakumar)

GM-Investments

 

 

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