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.