IRDAI proposes to double investment cap in InvITs and REITs for insurers

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to double the investment limits for insurers in real estate investment trusts (REITs) and InvITs. Under the draft norms, the cap would be raised from the current 3 per cent to 6 per cent of an insurer’s own funds for life insurance companies, and 6 per cent of investment assets for general insurers, up from 3 per cent. The move aims to channel more long-term insurance capital into infrastructure and real estate sectors.