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100 percent FDI in insurance intermediaries
March 1 , 2020
1603 days
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- The Department for Promotion of Industry and Internal Trade (DPIIT) amended the Consolidated Foreign Direct Investment Policy 2017.
- It aims to allow 100 per cent FDI in insurance intermediaries through the automatic route.
- This includes insurance brokers, reinsurance brokers, insurance consultants, corporate agents, third-party administrators, surveyors and loss assessors.
- Previously FDI up to 49 percent was allowed in insurance intermediaries through the automatic route.
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