Mukesh Ambani Eyes Insurance Sector: Jio In Talks With Allianz SE

Reliance Industries Ltd (RIL) Chairman Mukesh Ambani, who has ventured into multiple sectors and become the richest man in India, is now looking to enter the insurance industry. To this end, Jio Financial Services Ltd has engaged in discussions with Allianz SE. Meanwhile, German insurance giant Allianz is seeking to exit two existing joint ventures with Bajaj Finserv Ltd in the country.