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Indian Re/insurers Allowed To Raise New Forms Of Capital

Indian Re/insurers Allowed To Raise New Forms Of Capital

Indian Re/insurers Allowed To Raise New Forms Of Capital

Indian Re/insurers Allowed To Raise New Forms Of Capital

Indian insurers and reinsurers will be able to raise capital in a variety of ways under new regulations suggested by the Insurance Regulatory and Development Authority of India (IRDAI).

According to the theory, new kinds of capital, like debt, might be issued more swiftly and welcome institutional investments from abroad.

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According to documents made public by IRDAI, the minimum maturity/redemption time for non-convertible unsecured debentures and non-convertible preference shares for life and general insurers and reinsurers would be 10 years, while for standalone health insurers, it would be seven years.

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Indian Re/insurers Allowed To Raise New Forms Of Capital

It also states that the total quantum of the instruments under other forms of capital taken together shall be less than half the total paid up equity and securities premium account and less than half the net worth of the insurer.

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Additionally, the solvency of the insurer raising capital must remain at least at the control level of solvency, IRDAI specified.


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IBEH C. JOE

Financial analyst, Entrepreneur, Blogger and Business model

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