Indian insurance market

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Allianz Explores Exit from Joint Ventures with Bajaj Finserv in Life and General Insurance

Bajaj Finserv announced on Wednesday that its joint venture partner, Allianz, has expressed interest in exiting their life and general insurance partnerships under Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance. According to Bajaj Finserv’s statement to the exchanges, Allianz has conveyed that, based on its strategic goals, it is exploring the possibility of withdrawing from both joint ventures.…