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IRDA SET TO ALLOW INVESTMENTS IN DERIVATIVES (amending norms to allow insurance companies to hedge risks of declining rates).

Asia Africa Intelligence Wire

| September 07, 2002 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From India Business Insight)

The Insurance Regulatory and Development Authority of India (IRDA) will amend the investment norms for insurance companies to permit investments in derivatives and swap instruments.

The amendment would allow the companies to hedge risks of declining interest rates. The prevailing norms require both general and life …

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