Reliance-owned Jio Financial Services (JFSL) and Allianz Group have signed a binding agreement to set up a 50:50 primary insurance joint venture (JV) in India, covering general and health insurance. The proposed entity will combine JFSL’s digital infrastructure and distribution reach with Allianz’s experience in insurance, with a focus on offering protection products to individuals as well as businesses. Partners indicated that the initiative comes amid increasing demand for long-term financial protecti ...