Jio Financial Services, led by Mukesh Ambani, is in discussions with Allianz to form insurance joint ventures in India.
This comes as Jio Fin plans to exit its partnership with Bajaj Allianz Life Insurance. The talks with Allianz aim to enhance Jio's insurance offerings, expanding its presence in the Indian financial services market. Jio Fin, which was recently spun off from Reliance Industries, is looking to strengthen its portfolio.