New Delhi: The Insurance Regulatory & Development Authority of India is open to insurers surpassing the 15% limit on equity holdings in a company under some conditions. āIn certain circumstances, certain companies will like to have higher exposure,ā IRDAI chairman TS Vijayan told ET. āIf someone wants higher exposure in a particular company, they will have to take specific permission of the authority.ā Vijayan added that such a provision is fair and follows the principles of good risk management. The move may allow Life Insurance Corporation of India (LIC), the countryās largest insurer, to participate in the governmentās sale of shares in blue chip companies held by the Specified Undertaking of the Unit Trust of India (SUUTI). Earlier this month, the government sold a 1.63% stake in Larsen & Toubro for ? 2,100 crore. LIC didnāt take part in the stake sale. At present, LIC holds 16.04% stake in L&T,14.34% stake in ITC and 14.47% in Axis Bank. āIf the regulator permits, the...