Irdai reduces solvency margin requirement for crop business; to unlock Rs 1,400 crore funds

Solvency margin, a key indicator of financial health of an insurer, refers to the difference between its value of assets and liability. The regulator fixes the solvency margin for insurers. Irdai said since fiscal 2017-18, it has been relaxing the period of admissibility of premium due from the government for solvency calculation purpose from 180 days to 365 days.

from Banking/Finance-Industry-Economic Times https://ift.tt/zA1Z5uG