JFS is reportedly in discussions with German financial services company Allianz SE.
Allianz is seeking to dissolve its existing joint ventures with Bajaj Finserv in India.
Bajaj Allianz General Insurance Co and Bajaj Allianz Life Insurance Co are the two JVs between the companies in India.
Jio Financial Services (JFS) is reportedly in discussions with German financial services company Allianz SE to forge insurance partnerships.
Allianz, which currently has two joint ventures in India with Bajaj Finserv, has held early discussions with JFS to set up general insurance and life insurance ventures, Bloomberg reported.
It added that Allianz is seeking to dissolve its existing joint ventures (JV) with Bajaj Finserv in India due to disagreements regarding the strategic direction of the partnership.
Bajaj Allianz General Insurance Co and Bajaj Allianz Life Insurance Co are the two JVs between the companies in India.
This comes days after a report said JFS is mulling setting up a private credit JV with Blackrock. The company already has an asset management JV under the brand name Jio BlackRock, which was launched in 2023.
(The story will be updated soon)
