PNB MetLife and Unity Small Finance Bank team up to improve access to life insurance in India

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PNB MetLife
PNB MetLife and Unity Small Finance Bank team up to improve access to life insurance in India

Through a corporate agency arrangement, PNB MetLife insurance solutions will now be available via Unity Small Finance Bank’s 111 branches in 17 states.

29th March, 2023 – PNB MetLife, one of the leading life insurance companies of India and Unity Small Finance Bank (Unity Bank), a modern digital-first bank, have entered into a bancassurance agreement, giving customers greater access to PNB MetLife’s life insurance solutions via any of Unity Bank’s 111 Branches in 17 states.

The agreement, signed by Sameer Bansal, Chief Distribution Officer, PNB MetLife, and Inderjit Camotra, MD & CEO of Unity Bank, will give the bank’s 15 lac+ customers easier access to a variety of life insurance products, including Retirement Solutions, Long-Term Savings Solutions, and Child Education Solutions.

“Many Indians lack access to insurance and continue to take a big risk by remaining un-insured. This arrangement with Unity Bank will help us improve access to PNB MetLife’s solutions and more people can get financially protected against life’s uncertainties. The partnership will also benefit Unity bank and make their product offering more comprehensive for customers financial needs. With our broad range of customised solutions for every need– Family protection, Retirement, Children education and long-term savings — we are confident that we will be able to address every customer segments across the bank’s base,” said Sameer Bansal, Chief Distribution Officer, PNB MetLife.

Inderjit Camotra, MD & CEO, Unity Small Finance Bank said“Unity Bank is happy to partner with one of India’s leading private life insurer companies to offer our customers value added solutions for their life insurance needs. We constantly endeavour to introduce innovative and customer centric solutions for our customers and believe that PNB MetLife’s insurance products clearly resonate with our vision. Through the tie up, we wish to help our customers secure themselves and their families and better prepare for their future.”