PNB MetLife, Truhome Finance to Offer Credit Life Insurance to Homeowners
20th January 2025: PNB MetLife India Insurance Company Limited (PNB MetLife) is partnering with Truhome Finance (formerly known as Shriram Housing Finance Limited) to offer Group Credit Life insurance to Truhome Finance’s home loan customers.
The alliance highlights PNB MetLife’s commitment to its purpose: Milkar Life Aage Badhein by combining its strategic approach to expanding its distribution network and its deep insurance expertise with Truhome Finance’s robust housing finance presence. PNB MetLife’s Group Credit Life Insurance solutions will be available in over 165 Truhome Finance branches across 17 states, enabling peace of mind to borrowers and their families by providing solutions for settling outstanding loan amounts in the event of unforeseen circumstances.
Sameer Bansal, MD & CEO, PNB MetLife, highlighted that the partnership reinforces PNB MetLife’s commitment to being a trusted partner for Indians at every stage of life, helping customers to secure their dream of home ownership and enhancing financial inclusion across the country.
“Our partnership with Truhome Finance is a meaningful step in our journey to provide comprehensive financial protection to families across India. By integrating our Credit Life solutions with Truhome’s home loan offerings, we not only protect borrowers’ liabilities but also support their aspirations of home ownership. Together, we are contributing to the vision of ‘Insurance for All by 2047’ by ensuring financial security is within reach for more individuals and families,” Mr. Bansal said.
Ravi Subramanian, MD & CEO, Truhome Finance, said: “This collaboration allows us to provide additional financial security to our customers alongside home loans, ensuring they can achieve their dreams without fear of unexpected challenges. With PNB MetLife’s expertise, we are delivering meaningful solutions that safeguard families and ensure their homes remain a source of stability and comfort.”
About PNB MetLife India Insurance Company Limited:
PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India that combines the financial strength of MetLife, Inc. with the credibility of PNB, one of the India’s oldest nationalized banks. PNB MetLife’s purpose, Milkar Life Aage Badhaein, is demonstrated through its customer-centric innovations and employee empowerment practices.
With a strong presence in 155 branches and access to customers in over 19,000 locations (as of November 30, 2024) through bank partnerships, PNB MetLife offers a comprehensive product portfolio covering Child Education, Family Protection, Long-Term Saving and Retirement. The Company has a wide range of protection and retirement products available through its sales channel of over 28,000 financial advisors and multiple bank partners and caters to over 521 group relationships in India.
