India, March 30 -- Jio Financial Services (JFS) is hoping to start general and life insurance businesses this year, a top company official has said.

The financial services company does not have any immediate plan to get into the unsecured and consumer durable lending businesses.

"We hope to start insurance manufacturing in 2026, subject to regulatory approvals," its chief executive and managing director, Hitesh Sethia, told PTI recently.

The company, which recently entered the reinsurance business, along with its equal joint venture associate Allianz, will partner with the French company for general and life insurance businesses as well.

Sethia said in parallel, the company is working towards building the necessary teams for the insur...