Dividend Criteria for Equity Investment under Approved Investment

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qrrfrq *qI frftqrffi *r P{fir( flftr{.r'r Survey No. 115/'1, Financial District, Nanakramguda, Hyderabad-S00 032, lndia Q : +9'140-2020 4000 Website : www.irdai.gov.in a/l\ !NSURANCE REGULATORY AND irJoi oeveLopMENT AUTHoRtTy oF rNDrA REF: IRDAI/Fnl/CIR/llW/255/09/2OZ Datg 27\r Sep,2O2l CIRCULAR DMdend Criterh for Equlg Investment under "Approved lnvestment" In continuation to circular no: IRDAI/ Ferl/clR/ INV/065/ 03/ 2021 Dr 3r' March, 2O2l on the subiect, the Authority in exercise of its powers conferred under Regulation l4[2) of the IRDAI flnvestmentsl 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 least 2 years out of 3 consecutive years inndiate/y precding " instead of " for at least 2 consecutive years immdiately prreding" fas required under Regulation 3[a)[4] and 3{al[5] of IRDAI 0nvestmentl Regulations, 2016) for the period from l" October, 2021 to 3ft Varch,2022. sd/- ISN Jansimhan] HOD|nvestments ,ri i. 11 5/1 , cTEnfiT{ BB€. iraa'rr-qBT, #r-ara-5gg 932, qr'{ | Q : +91-40-2020 4000 +{qgz , www.irdai.gov.in I