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LIC seeks Irda rethink on solvency margin

Sidhartha  |  New Delhi 

 The communication was sent to Irda last month, LIC pointed out that the insurer had off-balance sheet reserves of Rs 50,000 crore by way of appreciation in government securities in addition to unrealised appreciation of Rs 10,000 crore, company executives said.

 Irda officials, however, said that LIC

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LIC seeks Irda rethink on solvency margin

Life Insurance Corporation of India (LIC) has asked Insurance Regulatory and Development Authority (Irda) to reassess its solvency margin requirement and has said that it should be given credit for  The communication was sent to Irda last month, LIC pointed out that the insurer had off-balance sheet reserves of Rs 50,000 crore by way of appreciation in government securities in addition to unrealised appreciation of Rs 10,000 crore, company executives said.

 Irda officials, however, said that LIC
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