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The Economic Times

Business

Sebi writes to IRDAI to include investors' insurance policy details in consolidated account statement

SEBI Insurance Regulatory and Development Authority of India Tuhin Kanta Pandey Insurance Reserve Bank of India CAS

Sebi Chairman Tuhin Kanta Pandey on Thursday said the market regulator has written to the insurance sector watchdog IRDAI to explore including investors' protection policy information in the Consolidated Account Statement (CAS).

The move is aimed at expanding the scope of CAS beyond securities market investments to create a comprehensive financial ledger covering stocks, mutual funds, bank deposits, pension savings and insurance policies.

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