In a major step towards enhancing financial inclusion, PNB MetLife and India Post Payments Bank (IPPB) have entered into a bancassurance partnership to make life insurance solutions more accessible across the country. The collaboration leverages PNB MetLife’s diverse portfolio of life insurance products and IPPB’s network of 650 banking outlets, which serve over 110 million customers.
This partnership aims to bring life insurance to every household in India, empowering individuals to secure their future and fulfil their financial aspirations.
Speaking on the collaboration, Sameer Bansal, Managing Director (MD) and Chief Executive Officer (CEO), PNB MetLife, said, “Partnering with India Post Payments Bank is more than a business collaboration—it is a shared commitment to making life insurance accessible to all Indians. Insurance is not just a product; it is a promise of security and resilience for families. Together, we are taking meaningful steps towards achieving financial inclusion for all, in line with our vision—‘Milkar Life Aage Badhaein’.”
Echoing this sentiment, R. Viswesvaran, MD and CEO, India Post Payments Bank, too shared his opinion on the partnership.
He stated, “India Post Payments Bank was founded on the principle of delivering inclusive financial services across the nation. By joining forces with PNB MetLife, we are broadening our financial offerings, ensuring that customers across the country have access to life insurance products that suit their needs. This partnership is a significant step towards building a stronger ecosystem for financial security.”
With their combined strengths, PNB MetLife and IPPB are committed to enhancing life insurance awareness and adoption across the country, ensuring greater financial security for millions of Indian families.
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