Now Mukesh Ambani will sell insurance, made a plan to compete with LIC - Newztezz Online


Monday, August 28, 2023

Now Mukesh Ambani will sell insurance, made a plan to compete with LIC

Mukesh Ambani, chairman of Reliance Industries, is going to enter the insurance sector very soon. He announced this at the 46th Annual General Meeting (AGM) of Reliance.

Mukesh Ambani, the richest person in the country, is going to start selling insurance soon. In the 46th Annual General Meeting (AGM) of Reliance Industries, he announced that soon his company Jio Financial Services would enter the insurance sector. This company has recently been de-merged with Reliance Industries and its listing has been done in the stock market.

Mukesh Ambani told that Jio Financial Services will not only sell life insurance, but will also sell products related to general insurance and health insurance.

Preparing to compete with LIC

Reliance Industries is currently the most valuable company in the country. At the same time, its Jio Financial Services has been included in the top-5 financial companies of the country. In such a situation, the company is preparing to compete with the insurance market leader Life Insurance of India (LIC) as well as other companies like HDFC Life, ICICI Prudential etc.

Keeping the future in mind, Mukesh Ambani has talked about making this business digitally advanced. At the same time, to make an edge in the market, the possibility of partnering with global players has also been expressed. He said that this company will develop concept-based insurance products for consumers using data analytics, which will be prepared keeping in mind the benefits of the consumer.

Jio AirFiber will be launched

In the AGM itself, Mukesh Ambani announced the launch of Jio AirFiber service. He said that the service of Jio AirFiber will start in the country from September 19 i.e. Ganesh Chaturthi. With its help, people will get the facility of high speed internet at all places from home to office. This will be a wireless service that will eliminate the hassle of laying cables and laying lines in homes for high-speed internet.

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