Demand for T-bills, bonds may rise soon
Dhaka, Bangladesh, Nov. 19 -- Demand for the government securities is set to rise as the non-life insurance companies have to invest at least 7.5 per cent of their assets in the securities.
The Insurance Development and Regulatory Authority (IDRA) issued a new regulation having these mandatory provisions for non-life insurance companies in order to secure investment return of the policyholders.
The 'Insurance (Non-life Insurers' Assets Investment and Preservation) Regulations-2019?, was issued through a gazette notification on November 14.
After investing in the government securities-treasury bills (T-bills) and bonds - the non-life insurers or general ones can invest their remaining assets in nine specified sectors.
The sectors inclu...
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