IFSCA Amends IFSC Insurance Office Regulations; Insert Norms on ‘Unit Linked Insurance Products’ & ‘Investment Patterns’
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- By Chetan Kulasri
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- Last Updated on 23 October, 2024
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Notification No. IFSCA/GN/2024/008, Dated: 14.10.2024
The IFSCA has notified the IFSCA (Investment by International Financial Services Centre Insurance Office) (Amendment) Regulations, 2024. As per amended norms, new regulations 9A and 9B relating to ‘Unit Linked Insurance Products’ and ‘Admissible pattern of investment’ have been inserted. It states that every IFSC Insurance Office must invest and at all times keep its unit-linked business funds invested as per the pattern of investment subscribed to by policyholders.
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