Will IRDA give in to LIC's appeal to raise cap?
The debate over the cap on Life Insurance Corporation's investment in individual corporates is heating up. The insurer has once again appealed to Insurance Regulatory Development Authority (IRDA), to waive the existing 10 per cent cap on investments. LIC continues to argue that in a tough financing environment, it's critical for it to be able to pump in more money into the corporate sector through debt and equity.
