PNB MetLife India Insurance Company Limited (PNB MetLife) has announced a strategic partnership with Truhome Finance, formerly known as Shriram Housing Finance Limited, to provide Group Credit Life insurance to home loan customers of Truhome Finance.
The collaboration is a significant step in PNB MetLife’s mission, Milkar Life Aage Badhein, emphasising the insurer’s commitment to expanding its reach and enhancing financial inclusion. The Group Credit Life Insurance solutions will be available across 165 Truhome Finance branches in 17 states, offering homeowners and their families the assurance of financial protection by covering outstanding loan liabilities in unforeseen circumstances.
“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,” Sameer Bansal, MD & CEO, 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.”
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The partnership exemplifies a shared commitment to empowering individuals and families with financial security and supporting aspirations of homeownership, aligning with national goals for broader insurance coverage.
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