Jio Financial Services and Allianz Europe have together infused Rs 640.10 crore into their general insurance joint venture, Jio Allianz General Insurance.

Each partner invested Rs 320.05 crore through a rights issue, subscribing 32 lakh shares apiece at face value. The 50:50 shareholding remains unchanged.

The JV, incorporated in May 2026, will use the funds for business operations and technology infrastructure as it prepares to launch its general insurance business.

With this infusion, Jio Financial’s aggregate investment in the venture has reached Rs 375 crore. The company classified the deal as an arm’s-length related-party transaction.

Jio Allianz General Insurance is part of Jio Financial’s broader insurance push, which also includes Jio Insurance Broking and a reinsurance JV with Allianz.

Shares of Jio Financial closed marginally lower after the announcement. The company said no government or regulatory approval was required for the share allotment.

The JV is part of Jio Financial’s full-stack financial services push. Its reinsurance arm underwrote Rs 266 crore of premiums in its first full quarter of operations.