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Government considering 100% FDI in insurance broking

Government considering 100% FDI in insurance broking

Tuesday, March 21, 2017, 3:00 PM

The government is considering allowing 100% foreign direct investment in insurance broking with a view to giving a boost to the sector and attracting more funds.The FDI policy, at present, allows 49% foreign investment in the insurance sector that encompasses insurance broking, insurance companies, third party administrators, surveyors and loss assessors as defined by the Department of Industrial Policy and Promotion.
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