From The Economic Times · ET Bureau · · 30s
Irdai Tightens ESOP Rules for Insurers
Irdai requires insurers to get approval before ESOP transfers exceed 5% or 10% share limits.
In brief
Irdai requires insurers to get approval before ESOP transfers exceed 5% or 10% share limits. Irdai mandates regulatory approval for insurance company employees exceeding 5% or 10% share thresholds under ESOP plans. Originally reported by The Economic Times.
Irdai updates ESOP rules
Irdai requires insurers to track direct and trust shares for employee stock options.
Share transfer limits
Transfers exceeding 5% or 10% of paid-up equity require regulatory approval.
Additional compliance
Insurers must disclose investor's funds, financial strength, and ability to meet capital needs.
The headline
Irdai mandates regulatory approval for insurance company employees exceeding 5% or 10% share thresholds under ESOP plans.
