Private insurers seek tweaks in unlisted investment plan

Private insurers have requested IRDAI to recalculate the proposed 5% investment cap in unlisted companies on total shareholders' funds rather than only surplus over solvency margin. The change could expand the sector's investment capacity in private firms to nearly ₹10,000 crore from less than ₹1,500 crore currently. IRDAI's draft norms also propose allowing insurers repo transactions and participation in government securities lending for better liquidity management.