FinTech
Jio Financial Services: Reliance Industries’ plan to enter insurance and AMC businesses could create ripples in the market
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Synopsis
To its advantage, RIL already has access to a large customer base through Reliance Retail, Reliance Jio, and other subsidiaries. It can easily promote its insurance products through them. Besides, adopting a purely digital distribution platform could help the company keep costs down.
There’s only one buzz in the insurance industry circles — Reliance Industries Limited’s (RIL) foray into the sector. Though the details of the blueprint of RIL’s plan about its forthcoming foray into insurance (both life and non-life) and asset management will be unveiled only early next month, the industry grapevine is that it’s likely to be a game-changer. The hot topic is: what will be the focus of Jio Financial Services Limited (JFSL)?
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