DPIIT notifies policy to allow 100% FDI in insurance intermediaries

Till now, FDI up to 49% was allowed in insurance intermediaries through the automatic route

DPIIT notifies policy to allow 100% FDI in insurance intermediaries

The Department for Promotion of Industry and Internal Trade (DPIIT) on Tuesday amended the Consolidated Foreign Direct Investment Policy 2017 (FDI Policy) 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, and surveyors and loss assessors. Till now, FDI up to 49 per cent was allowed in insurance intermediaries through the automatic route.  

As far as insurance companies are concerned, foreign investment of up to 49 per cent is allowed through the automatic route, subject to the