IRDA sets 10-yr cap for capital mkt entry

Insurance companies that have completed 10 years of operation and have strong financials will be allowed to access capital market, according the draft guidelines released by the regulator IRDA .
The companies that have completed 10 years of operations include ICICI Prudential Life and HDFC Standard Life. Insurance sector was opened to private sector in 2000.
IRDA has invited comments or suggestions from all stakeholders on the exposure draft by June 30.

Source - financialexpress.com