Current Affairs · Agreements and Joint Ventures
Jio Financial Services Ltd (JFSL) entered into a strategic joint venture agreement with Allianz Europe B.V. to establish a domestic reinsurance company. Which of the following statements regarding this development is/are correct? 1. The JV will be formed with an equal shareholding of 50:50 between JFSL and Allianz Europe B.V. 2. The license granted makes it the first public sector reinsurance company in India. 3. The joint venture supports the national agenda of achieving 'Insurance for All by 2047'.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 2
- 2Both 2 and 3
- 3Only 3
- 4Both 1 and 3✓
Correct answer
Both 1 and 3
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