SINGAPORE, June 14 (Reuters) - Singapore's Income Insurance Ltd said on Friday that it is currently in discussion with Allianz on a transaction relating to its shares of Income Insurance, according to a statement.

The company added in the statement that there is no assurance that any transaction will materialise or that any definitive or binding agreement will be reached. (Reporting by Yantoultra Ngui Editing by Tomasz Janowski)