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Oct 17, 2016 12:02 PM IST | Source: Moneycontrol.com

Insurers' compulsory listing plan put in cold storage

The Insurance Regulatory Development Authority of India may not want insurance companies to list themselves in stock exchanges after a push from the Finance Ministry.

The Insurance Regulatory Development Authority of India may not want insurance companies to list themselves in stock exchanges after a push from the Finance Ministry. 

In an interview with Business Standard, IRDAI Chairman, TS Vijayan said: “We had never insisted on it (listing). It is only a discussion paper and should be seen in that perspective.”

In a discussion paper released this August, the insurance regulators gave companies - 55 life and non-life insurance companies in India - a little less than a month to respond to its suggesion on the need for them to list. 

However, following the discussion paper, a lot of insurers have met with the Finance MInistry seeking its support in putting IRDAI plan in a cold storage. 




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