Irdai asks insurers to give details on exposure to DHFL, IL&FS, ADAG

The Insurance Regulatory and Development Authority of India (Irdai) has sought data from companies on their exposure to Infrastructure Leasing & Financial Services (IL&FS), Dewan Housing Finance Corporation (DHFL), Indiabulls, and Anil Dhirbubhai Ambani group companies, sources aware of the development said.

“The regulator perhaps wants to see the strength of the insurance companies," said the chief executive officer of a life insurance company.  All the four entities, for which data was sought by Irdai on October 9, have been downgraded by credit rating agencies recently. 

“Usually, it is left to the insurers on how they deal with downgraded