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IRDA Sets Exposure Norms For Insurance Cos In VC Funds

Posted on August 26, 2008

In a significant dvelopment, Indian insurance regulator - Insurance Regulatory & Development Authority (IRDA) - has fixed exposure norms for insurance companies with regard to venture capital and private equity funds. In its latest released guidelines, IRDA has allowed life insurers to invest 3% of their total investible corpus in VC funds or 10 per cent of the fund's size, whichever is lower. For general insurers, the limit is 5% of their investment assets or 10% of the fund size, whichever is lower.read more...

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