Date 27th Sep,2O2l
In continuation to circular no: IRDAI/ F&I/CIR/ INV/065/ 03/ 2021 Dr 3r’ March, 2O2l on the subject, the Authority in exercise of its powers conferred under Regulation l4[2) of the IRDAI (lnvestments) Regulations, 2O16 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 least2 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 lst October, 2021 to 31st March,2022.
For full detail click the link below :
https://www.dropbox.com/s/unbte2hjy0b93az/Dividend%20criteria%20for%20Equity%20280921.pdf?dl=0