India considers 100% foreign ownership of brokers: report

The Indian government is considering allowing full foreign
ownership of insurance brokers to attract more funds to the sector,
according to a media report.
India's Business Standard said an official from the
Department of Industrial Policy and Promotion revealed
representations had been made about treating insurance brokers on a
par with other financial service intermediaries.
Currently insurance brokers are allowed 49 percent foreign
ownership, while independent financial advisers are allowed 1