IRDAI permits insurers to invest in New Development Bank’s onshore rupee bonds
The IRDAI has authorized insurance companies to invest in onshore rupee bonds issued by the New Development Bank. This move aims to diversify investment options for insurers while supporting infrastructure and sustainable development projects in India.
Why it matters
This policy change provides a new investment vehicle for insurers and aligns with the BRICS nations' goal of mobilizing capital for emerging market infrastructure.
Insurance regulator IRDAI has permitted insurers to invest in Maharajah INR Bonds (Onshore Rupee Bonds) of the New Development Bank, an approval that assumes significance ahead of next month’s BRICS Summit in Delhi.
The report focuses on regulatory policy and financial mechanics without political bias.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in