The Insurance Regulatory and Development Authority of India (Irdai) has increased the investment ceiling for insurance companies in the banking, financial services, and insurance (BFSI) sector to 30% from 25% of their investment corpus.
The existing sectoral investment cap of 25% has been fully utilised by most insurance firms. This will help insurance companies to take a higher exposure in the BFSI sector.
IRDAI Chairperson: Debasish Panda
