India Post Payments Bank partnered with PNB MetLife to expand life insurance access nation wide
The release said that PNB MetLife and IPPB will work together to give more families in India more protection by creating a strong environment for life insurance adoption and awareness.
India Post Payments Bank partnered with PNB MetLife to expand life insurance access nation wide
India Post Payments Bank and PNB MetLife India Insurance Company Limited (PNB MetLife) entered into a strategic bancassurance alliance to extend access to life insurance solutions for millions of individuals nationwide.
As per the release, Under the collaboration, PNB MetLife's life insurance products, combined with IPPB's network of 650 banking outlets and 110 million customers, will make life insurance accessible to every household in India. This partnership aims to help customers achieve their dreams while promoting financial inclusion across the country, the release added.
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Reacting to the development, R. Viswesvaran, MD and CEO of India Post Payments Bank, remarked, that India Post Payments Bank was founded on the principle of delivering inclusive financial services across the nation.
Partnering with PNB MetLife allows us to advance this mission by offering our customers a broader range of life insurance products tailored to their needs. Together, we are building a stronger ecosystem for financial security for our customers.
The release said that PNB MetLife and IPPB will work together to give more families in India more protection by creating a strong environment for life insurance adoption and awareness.
Sameer Bansal, MD and CEO of PNB MetLife stated, "Partnering with India Post Payments Banks is more than a business collaboration--it is a shared commitment to making life insurance accessible to all Indians. This partnership reflects our belief that insurance is not merely a product but a promise of security and resilience for families. Together, we aim to take meaningful steps toward achieving financial inclusion for all, staying true to the spirit of 'Milkar Life Aage Badhaein'."