The company, approved by Irdai and registered with the Ministry of Corporate Affairs on 8 September 2025, will combine the digital reach of JFSL and local expertise with the insurance strength and the global reinsurance options of Allianz.
Jio Financial Services LTD (JFSL) said on Tuesday that the company and Allianz of Germany have recorded a joint venture company with the name ‘Allianz Jio Reinsurance Ltd’ (AJRL) to continue the things of reinsurance in India.
The AJRL company will invest an amount of RS 2.50 Lakh in the first subscription of 25,000 shares of shares of Nominal Value RS 10 each for an interest of 50 percent, JFSL said in approval of the regulations.
Irdai Nod and MCA Incorporation secured
AJRL was included on the basis of receipt of no objection certificate from the insurance regulation and development authority of India, said it.
The founding certificate was received from the Ministry of Corporate Affairs, by e -mail, on 8 September 2025, it added.
Binding JV -Agreement signed on July 18
Both companies on July 18 had announced a binding agreement to form a 50:50 Domestic Reinsurance Joint Venture to serve the dynamic and fast -growing insurance market in India.
The announcement comes months after Allianz broke up with Bajaj Group Financial Services Firm Bajaj Finnish.
JV to combine the digital reach of JFSL with Allianz expertise
The reinsurance partnerhood will bring the deep local expertise of JFSL and a robust digital footprint together with the strong insurance and global reinsurance options of Allianz, according to the statement.
The joint venture will use the existing Allianz Re and Allianz commercial portfolios and activities of Allianz in India. It will also benefit from the global attitude of Allianz, including the prizes, risk selection and expertise in the field of portfolio management.
Allianz reformed the risk in India for more than 25 years.
Published on September 9, 2025
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