Life, general insurers can invest 20% of AUM in infra sector

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Life, general insurers can invest 20% of AUM in infra sector
Posted on : 26 Sep 2013, 21:43

Insurance sector regulator Irda today said life and general insurance firms can now invest up to 20 per cent of fund value in infrastructure debt funds.

Investment in infrastructure debt fund (IDF) shall be reckoned as investment in the infrastructure sector for which investment ceiling is 20 per cent.

"Insurer can invest up to 20 per cent of the assets under management (AUM) of the schemes. Such investments are subject to overall exposure limits and other conditions," Irda said in a circular.