PNB MetLife India Insurance Company Limited (PNB MetLife) and India Post Payments Bank (IPPB) entered into a strategic bancassurance alliance to extend access to life insurance solutions for millions of individuals nationwide.

Under this 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, according to a release.

The release added that the partnership aims to help customers achieve their dreams while promoting financial inclusion across the country.

R. Viswesvaran, Managing Director and CEO, IPPB, said, "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."

Sameer Bansal, MD and CEO, PNB MetLife, said, "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'."

India Post Payments Bank (IPPB), established under the Department of Posts, Ministry of Communications, with 100 per cent equity owned by the Government of India, was launched on September 1, 2018. The core mission of IPPB is to remove barriers to the unbanked and underbanked and reach the last mile using a postal network of 1,63,000 plus post offices (1,43,000 in rural areas) and 1,90,000 plus postal employees.

PNB MetLife India Insurance Company Limited (PNB MetLife) is one of India's leading life insurance companies, combining the financial strength of MetLife, Inc. with the credibility of PNB, one of India's oldest nationalized banks. With a strong presence across 155 branches and access to customers across over 19,000 locations (as of November 30, 2024) through bank partnerships, PNB MetLife offers a comprehensive product portfolio that includes child education, family protection, long-term savings and retirement. The company has a wide range of protection and retirement products through its sales channel of over 28,000 financial advisors and multiple bank partners and serves over 521 group relationships in India.