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Jio Financial Services Eyes Insurance Partnership With Allianz

  • Jio Financial Services is in discussions with Allianz SE to form insurance partnerships.
  • Allianz, which currently has joint ventures with Bajaj Finserv in India, is looking to set up general insurance and life insurance ventures with JFS.
  • Allianz is considering dissolving its existing joint ventures with Bajaj Finserv due to disagreements on strategic direction.
  • The discussions between JFS and Allianz are in initial stages, and the decision to proceed with the plans is yet to be made.

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