IPO norms for non-life insurers soon

Insurance Regulatory & Development Authority (Irda) Chairman J Hari Narayana, on Monday, said a draft guidelines of initial public offering (IPO) for general insurance companies will be issued in a week.

Addressing a CII Insurance Summit, Hari Narayana said, “Irda came out with IPO norms for life insurance companies last year but none of the 10 odd players  in the countr, including LIC, were eligible to tap the primary market,” he said.

On the draft guidelines for life  product designs he said, “We will come out with the draft on life products design by the month-end,” Narayana said.

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