India, May 13 -- Update | May 13, 2026,16:15 IST

Jio Financial Services (JFS) and Allianz have incorporated their joint venture, Jio Allianz General Insurance Limited (JAGIL), to operate a general insurance business in India.

JFS will invest Rs.4.95 Cr towards initial subscription of 49.50 Lakh equity shares of face value Rs.10 each for a 50% stake, it said in an exchange filing.

Original | April 22, 2026, 20:07 IST

Months after announcing a partnership with Allianz, fintech major Jio Financial Services' (JFS) board has approved and signed a joint venture agreement with the German insurance major to form a 50:50 domestic general insurance joint venture company.

The JV, which was incorporated as Allianz Jio Reinsurance Ltd (AJRL) in S...