Paytm considering JV option for insurance business clearance SECTIONS Share Reuters Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration IPO-bound Paytm may bring in an external partner for its general insurance venture, even as the digital payments company is in the process of acquiring Raheja QBE General Insurance Company, people aware of the matter said. This may make it easier to obtain regulatory clearance, they indicated. While Paytm announced the Raheja acquisition last year, the deal is yet to close. Indian law on foreign ownership in the insurance sector limits foreign direct investment at 74%.