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Jio Financial, Allianz Group form JV for general, health insurance – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

Jio Financial, Allianz Group form JV for general, health insurance

Jio Financial, Allianz Group form JV for general, health insurance

People stand next to a logo of Jio Financial Services at the Bombay Stock Exchange. File
| Photo Credit: Reuters

Jio Financial Services (JFSL) and Allianz Group (Allianz), entered into a binding agreement on Wednesday to form a 50:50 primary insurance joint venture (JV) covering general insurance and health insurance.

The JV will launch operations upon receipt of the necessary statutory and regulatory approvals. JFSL and Allianz are also working towards a separate binding agreement for life insurance business in India.

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