PNB MetLife India Insurance Company has entered into a partnership with Saraswat Co-Operative Bank. The collaboration will bring life insurance products, such as savings, protection, retirement and group plans, to Saraswat Bank’s 30 lakh customers across 302 branches nationwide.
Sameer Bansal, Managing Director and Chief Executive Officer (CEO), PNB MetLife, mentioned that the partnership with Saraswat Bank aligns with their mission to offer life insurance to a larger audience.
“By leveraging Saraswat Bank’s trusted legacy and our insurance expertise, we aim to deliver solutions that address customers’ financial needs across various life stages while also providing them with much-needed financial protection,” he said.
The partnership aims to combine PNB MetLife’s expertise in insurance with Saraswat Bank’s established trust among its customers. Together, they seek to reduce the protection gap, expand insurance penetration and support financial inclusion, especially in underserved communities.
Arti Patil, Managing Director and CEO, Saraswat Co-operative Bank, emphasised that this partnership reflects the bank’s commitment to enhance its services. She highlighted the importance of providing customers with dependable life insurance solutions and described the collaboration as a significant step towards meeting their comprehensive financial needs.
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