Jio Financial, Allianz Group form JV for general, health insurance
The Hindu·3h ago·Neutral
What Happened
Jio Financial Services and Allianz Group signed a binding agreement to form a 50:50 joint venture for general and health insurance operations in India. The partnership will commence after obtaining regulatory approvals. Both companies are simultaneously negotiating a separate agreement for life insurance business.
Key Entities
Jio Financial ServicesAllianz GroupGeneral InsuranceHealth InsuranceLife InsuranceIndia