PNB MetLife partners with Shivalik Small Finance Bank to bring insurance closer to semi-urban and rural India

New Delhi, Jan 05th:  PNB MetLife India Insurance Company Limited (PNB MetLife), a leading life insurer, has announced a strategic partnership with Shivalik Small Finance Bank- India’s first Small Finance Bank; to expand insurance access in semi-urban and rural India. Through this alliance, over one million existing and prospective customers of Shivalik Bank will gain access to PNB MetLife’s comprehensive range of life insurance solutions, including savings, protection, and retirement plans.

Shivalik Small Finance Bank has a strong network of 79 branches and 136 exclusive Business Correspondent (BC) outlets in 11 states, and the partnership builds on PNB MetLife’s efforts to reach underserved markets in India.

Sameer Bansal, Managing Director & CEO of PNB MetLife, said, “We are delighted to partner with Shivalik Small Finance Bank to bring life insurance protection to more families across rural and underserved areas in India. Where availability, access and affordability have previously limited financial protection for families, PNB MetLife and Shivalik Small Finance Bank are working together to support more people in securing a confident future.”

Anshul Swami, MD & CEO of Shivalik Small Finance Bank, said, “At Shivalik Small Finance Bank, we have always focused on empowering customers in the emerging and underserved markets. Partnering with PNB MetLife will allow us to extend that commitment by offering comprehensive life insurance products alongside our banking services. Holistic financial services will create more financial security for customers in the longer run.”