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,

Allianz and Jio Financial are looking to establish a general insurance and a life insurance company in the South Asian nation, the people said, asking not to be identified as the information isn’t public.

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.

Jio Financial in talks with Allianz SE for insurance partnership in India, amid potential split with Bajaj Finserv.

Jio Financial Services Ltd., controlled by billionaire Mukesh Ambani, has held talks with Allianz SE, to set up an insurance partnership in India as the German firm seeks to scrap two existing joint ventures in the country, according to people familiar with the matter.

India's Bajaj Finserv said on Tuesday that Allianz SE is considering exiting its life and general insurance joint ventures with the Bajaj Group, potentially ending a decades-old partnership. "Allianz has indicated to Bajaj that given its strategic priorities,

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