IPPB (India Post Payments Bank) and PNB MetLife have partnered to expand access to life insurance in India.

Banking & Finance

On January 30, 2025, India Post Payments Bank Limited (IPPB) based in New Delhi and PNB MetLife India Insurance Company Limited (PNB MetLife) based in Mumbai, announced a bancassurance partnership to make life insurance more accessible across India.


      - This collaboration combines PNB MetLife’s life insurance products with IPPB’s large network of 650 banking outlets and its customer base of 110 million people.

      - The goal is to provide life insurance to households across India, offering financial protection and supporting financial inclusion.

     

Main Point :-   (i) IPPB and PNB MetLife aim to make life insurance accessible to more families, including those in rural areas that are usually underserved.

      (ii) They offer a variety of products like Child Education, Family Protection, Long-term Savings, and Retirement plans.

(iii) The partnership ensures that even remote areas are covered, supporting the Government of India’s mission to promote financial inclusion.
About India Post Payments Bank Limited (IPPB)

MD & CEO: R. Viswesvaran
Headquarters : New Delhi
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