PBPartners marks five years with 5 lakh partners and 8.4 million policies issued

GURUGRAM: Five years on, PBPartners is proving that insurance entrepreneurship is more than just a policy decision. The PoSP platform from Policybazaar has crossed 5 lakh partners, issued more than 8.4 million insurance policies and built a presence across 703 cities, marking a significant milestone in its expansion journey.

Launched to simplify insurance distribution while creating entrepreneurial opportunities, PBPartners has grown from a network of 66,000 partners across 167 cities to one of India’s largest insurance entrepreneurship platforms. Today, it operates across more than 19,000 pin codes, extending insurance access well beyond metropolitan markets.

The company attributes this growth to its technology-enabled model that combines digital tools with local advisors, helping bridge the gap between insurance products and customers across the country.

Reflecting on the milestone, PBPartners chief executive officer Dhruv Sarin said, “Five years ago, we started with a simple belief that insurance should reach the remotest corners of the country and that every entrepreneur who wants to contribute to this mission should have access to a trusted technology platform to pursue it with ease.”

He added, “Today, more than 5 lakh partners are part of PBPartners and are helping expand access to financial protection across the country, supporting IRDAI’s vision of ‘Insurance for All’. Our focus remains on giving our partners the technology, training, support and monetary benefits they need to grow and succeed.”

The company’s ecosystem has also expanded rapidly over the past five years. Experience Centres have increased from eight to 34 nationwide, while its workforce has grown from 1,078 employees to 4,624. PBPartners now facilitates nearly Rs 3 crore in on-demand payouts every day to around 4,800 partners, highlighting the scale of economic activity generated through the platform.

Commenting on the achievement, PB Fintech joint group chief executive officer Sarbvir Singh said, “The story of PBPartners is ultimately a story of entrepreneurship at scale. Over the last five years, hundreds of thousands of individuals have used the platform to build businesses while helping expand access to insurance across India.”

He added that the platform has demonstrated the potential to deepen insurance penetration in underserved markets by combining entrepreneurship with technology, and believes the model will play an important role in the next phase of growth for India’s insurance sector.

As PBPartners enters its next phase, the company plans to further strengthen its partner ecosystem, expand insurance accessibility and deepen its footprint across Bharat, reinforcing its role in advancing financial inclusion through a technology-led, phygital distribution model.