In a recent circular dated 21st August, 2020, the IRDAI has permitted insurers to classify investments in Preference Shares and Equity Shares, as per of “Approved Investment” provided such shares have paid dividend “for at least 2 years out of 3 consecutive years immediately preceding” as per the provisions of IRDAI (Investment) Regulations, 2016 for the period from 1st April,2020 to 31st March,2021.
Source: Insurance Regulatory and Development Authority
