Hyderabad:

The insurance regulator IRDA now wants keep a tab on the non-promoters’ investments made in the insurance companies.

 

In an instruction to be complied with immediate effect  by the Indian insurers , IRDAI on Monday has asked them to provide information of the non-promoters’ investments made in the insurance companies.

 

“The existing prescribed format for the submission of the shareholding pattern is revised to capture the non-promoters’ investments made in the insurance companies,’’ said IRDA’s order signed by Pravin Kutumbe, member,Finance, IRDAI,

 

At present, the insurers only provide information to the IRDAI on promoters’ holding in their companies in the prescribed format

 

`The revision in the format shall come into force with immediate effect and the reporting, as per the revised formats, shall start from the quarter ending 30th September, 2018 and shall be filed within 30 days from the end of the quarter,’’ said IRDAI .