PBPartners Transforming India’s Insurance Landscape with a Mission to Make Insurance Accessible to All
Telugu super news, hyderabad, December 19,2023:In a pioneering initiative to make insurance accessible to every corner of India, PBPartners, the dynamic Point of Sales Person (PoSP) business under the umbrella of Policybazaar Insurance Brokers Private Limited, is rapidly advancing its mission to “Bring Insurance to Bharat.” Launched in June 2021, PBPartners has emerged as India’s leading B2B2C digital insurance platform, by actively collaborating with agent partners and delivering seamless digital solutions.
PBPartners is dedicated to increasing insurance penetration, particularly in Tier 2 and Tier 3 cities across India by working with multiple insurance providers. PBPartners offers a wide array of options, including Life Insurance, Health Insurance, Motor Insurance, and other products like home and travel insurance making them accessible to the customers who have remained underinsured. Operating on a model that connects with agent partners (Business to Business), who, in turn, reach individual customers (Business to Consumer). This unique approach allows PBPartners to provide insurance solutions directly to customers through its agent partners, creating a seamless and personalized experience that both simplifies the onboarding for the customers and digitizes the process for the agents.
Emphasizing on the company’s vision Dhruv Sarin, Chief Business Officer (CBO), PBPartners shares, “The goal at PBPartners is to ensure that everyone, regardless of location, can access and benefit from insurance solutions. While exploring the insurance landscape, PBPartners identified a strategic gap, particularly in Tier 2 and 3 cities with low market penetration, leading to the creation of a network of micro-entrepreneurs, Agent Partners, to streamline the process.”
He added, “PBPartners is guided by a vision beyond profits. We aim to transform our agent partners into micro-entrepreneurs, enabling them to educate underserved insurance customers about diverse insurance products. We strive to make insurance more inclusive across the diaspora of Bharat consumers as well as create opportunities for secondary income for our agent partners.”
PBPartners recognizes its agent partners as “Partners in Progress,” valuing their crucial role in engaging directly with customers, delivering exceptional service, and building sustainable relationships. This transformative approach goes beyond revolutionizing the insurance landscape; it actively champions financial growth for agents. Additionally, PBPartners conducts Pathshala events across markets, ensuring agents receive comprehensive training in product knowledge, sales techniques, company updates, and relevant topics. This proactive approach aims to equip agents with the information and tools needed for effective performance.
To amplify its offline presence, PBPartners has launched 16 brick-and-mortar experience centers across India, with plans to expand to 150 major cities. These experience centers serve as dedicated focal points for PBPartner’s partners, business associates, and employees. The concept is rooted in establishing positive and interpersonal engagements between stakeholders, creating lasting memories that shape perceptions of the company.
PBPartners stands at the forefront of reshaping India’s insurance landscape. Through innovative BusinesstoBusinesstoConsumer(B2B2C) strategies and a commitment to simplicity, transparency, and accessibility, the company is revolutionizing the industry. By actively collaborating with agent partners, fostering financial inclusion, and empowering micro-entrepreneurs, PBPartners aims to deliver a seamless and personalized insurance experience, exceeding geographical boundaries.