Ambani’s Jio in Talks with Allianz for insurance JVs in India

Jio Financial Services, controlled by Mukesh Ambani, is in early discussions with Allianz SE to form new insurance partnerships in India, covering general and life insurance. Allianz is considering exiting its current ventures with Bajaj Finserv. This move aligns with Jio's ambitions to expand its financial services, leveraging India's growth potential in the insurance sector.