While speaking at the Reliance Industries 46th annual general meeting, Ambani said the company would look for partnerships with global companies.
He further said the company would offer life, general, and health insurance products in the country.
It's worth mentioning that the Indian insurance sector is packed with giant players like Acko General Insurance, Go Digit, SBI General Insurance Company, and ICICI Lombard Insurance, among others.
According to Ambani, JFS will use predictive data analysis to co-create contextual products with partners and cater to customer requirements.
Last month, JFS said that it would form a joint venture with the US-based investment giant Blackrock to enter the asset management industry.