India, March 19 -- After ending its 24-year joint venture with Bajaj Group, German insurer Allianz SE is eyeing a second innings in India's general and life insurance market - this time in partnership with fintech company Jio Financial Services.

Citing sources, ET reported that negotiations between Allianz and Reliance Industries Limited (RIL) have been ongoing for a few months.

The discussions picked up pace after it was revealed last October that Allianz was considering ending its partnership with Bajaj Group.

For context, Reliance Strategic Investments Ltd was demerged from RIL and renamed to Jio Financial Services. Subsequently, Jio Financial Services listed on the stock exchanges in August 2023.

The report comes a day after Bajaj...