Bangladesh, Nov. 25 -- The government has created scope for life insurance companies to join hands with it in development work through investing in infrastructure bonds.
Officials concerned said a new regulation to this end has also allowed the insurers to invest in immovable assets in city corporation and municipal areas.
The Insurance Development and Regulatory Authority (IDRA) issued the 'Insurance (Life insurers asset investment) Regulations-2019', dated November 19, with those provisions.
The regulation stipulates that a life insurer must invest at least 30 per cent of its assets in government securities to ensure its contribution to development.
It also mandates that a company must invest assets, equivalent to its liabilities, in ...