Yes , IRDA Allow Insurance Companies to increase their equity holding companies by up to 15%, from 10% earlier.

The regulator said insurers can pick up stakes of up to 12% or 15% in a company, depending on the size of their controlled fund

As per the Insurance Act, 1999, an insurance firm is allowed to hold up to 10% equity in a company.


Reports of the Equity Shares Holding :

In 2011-12, the total collection of premiums by life insurance companies was
R2,87,072 crore compared with R2,91,639 crore in the previous year,
a drop of 1.5%. Premiums have been sluggish ever since August 2010,
when the regulator slashed the commissions that agents could charge on unit-linked insurance Plans (Ulips). While earlier the bulk of the premiums more than 70% came into Ulips,
that share is now down to 15%. The premiums that were invested in Ulips fell 36% 2011-12 over the previous year.



For more information you may contact to the IRDA the contact details are given below :

Contact details :
IRDA
3rd Floor, Parisrama Bhavan,
Basheer Bagh,
Hyderabad - 500004,
Telangana, INDIA.
+91 40 2338 1100
+91 40 6682 3334