The Mukesh Ambani-led Reliance Group firm Jio Financial Services is in talks with Germany-based Allianz SE to set up an insurance partnership in India, Bloomberg News reported on Wednesday. Allianz and Jio are looking to set up a general insurance and a life insurance company in India,

Jio Financial Services (JFS) is reportedly in discussions with German financial services company Allianz SE to forge insurance partnerships.

The latest report suggests Ambani's Jio Financial Services and Allianz SE are in talks for a joint venture to establish a general insurance and life insurance company.

Allianz and Jio Financial Services are looking to establish a general insurance & life insurance company, ET NOW sources say.

Allianz has said that given its strategic priorities, it is considering an exit from the life and general insurance joint ventures, Bajaj Finserv told the exchanges on Tuesday, adding that Allianz has said it remains “committed to the Indian insurance market”.

Allianz SE is considering a withdrawal from its insurance joint ventures with Bajaj Finserv, as per a corporate filing by Bajaj Finserv on Tuesday What Happened: Allianz is actively mulling over an exit from its life and general insurance joint ventures with Bajaj Finserv,

German financial services multi-national company Allianz SE is looking to exit the joint venture with Bajaj Group, ending more than two-decade old partnership, Bajaj Finserv confirmed via an exchange filing on Tuesday,