← Latest news 
Jio Financial and Allianz launch 50 50 insurance JV to sell health and more in India
Business
Published on 13 May 2026
Allianz returns with a fresh partner stake deal
Jio Financial Services and Germany’s Allianz have formally launched their 50:50 insurance joint venture, incorporating Jio Allianz General Insurance. The new firm plans to offer general insurance products, including health insurance, in India. The move also follows Allianz’s earlier exit from a previous JV with Bajaj Finserv, signaling a new push into the country’s insurance market.
- Jio Financial Services and Allianz each hold a 50 percent stake
- Jio Allianz General Insurance has been incorporated
- The JV will offer general insurance including health coverage
- It follows Allianz’s exit from a Bajaj Finserv venture
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times