IRDA, SEBI finalise IPO norms for life insurers, to be notified soon

Hyderabad, Nov 8:The much-awaited norms for the initial public offerings of life insurance companies are finally ready.

"The guidelines framed by us are also approved by the Securities and Exchange Board of India. They will be notified in the Gazette by the Government within days,’’ Mr J. Hari Narayan, Chairman, Insurance Regulatory and Development Authority, told newspersons here on Tuesday.

The insurance regulator has finalised the norms last year which were sent to the market regulator for its approval.

On the proposed changes in the Motor Third Party pool in the general insurance segment, Mr Hari Narayan said a decision would be taken on the nature and size of pool in view of the balance between demand and supply.

The concept of motor pool was originally conceived when there was demand-supply mismatch.