Reasons why Jio Financial services will become a revolution in financial industry Jio Financial Services, a part of India’s Reliance Group, is making significant strides in the financial sector. Recently, it reached a preliminary agreement with Allianz SE to establish an insurance business in India (Those who don’t known about Allianz , it is an insurance and asset management company Founded in 1890, it is one of the world’s largest insurers, operating in over 70 countries. Allianz provides a range of financial services, including life, health, property, and casualty insurance, along with asset management . Managing over $2.5 trillion in assets, the company is a key player in global finance ) This partnership aims to offer a range of insurance products, including general and life insurance. Additionally, Jio Financial has received in-principle approval from the Securities and Exchange Board of India to set up a mutual fund business in collaboration with BlackRock. ( T...