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Thursday, January 13, 2011

The norms for Initial Public Offers by Life Insurance Companies are likely to be ready in about two to three weeks. Once the guidelines for equity issues by Life Insurance companies are announced, the Insurance companies will be able to raise funds through public floats

However, Insurance Regulatory and Development Authority Chairman Mr. J Hari Narayan said that Non-life Insurance companies will still have to wait a few months to tap into the capital markets as IRDA is still in the process of making a formal proposal to the markets regulator, the Securities and Exchange Board of India (SEBI)

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