Listing-bound Jio Financial Services (JFS) is all set to apply for insurance licence and is looking forward to offer insurance services from 2024, a media report quoting sources suggested. Jio Financial Services will soon apply for insurance licence from IRDAI, ET NOW tweeted, noting that the regulator takes 6-8 months for final approval in such cases. As per the report, Jio Financial Services plans to enter both general and life insurance businesses.
At the time of writing this story, shares of HDFC Life Insurance were trading 1.86 per cent lower at Rs 646.90.
