CHENNAI : Insurance industry experts voiced mixed views on Indian insurance regulator asking listed and unlisted insurers -- life/general/reinsurance -- to refrain from paying dividend to shareholders from profits pertaining to financial year 2019-20.
Some experts cited Reserve Bank of India's (RBI) advice to the banks earlier and supported the Insurance Regulatory and Development Authority of India's (Irdai) move to conserve capital, while others cited the varying nature of the two businesses and said that the insurance regulator should focus on underwriting losses incurred by general insurers rather than following the central bank.