PBPartners Celebrates Five Years with 8.4 Million Insurance Policies Issued

PBPartners, the PoSP (Point of Sales Person) platform from Policybazaar, has completed five years of operations by achieving significant milestones in insurance distribution and entrepreneurship. The company has built a network of over 5 lakh partners, issued more than 8.4 million insurance policies and expanded its presence to 703 cities across India.

The achievement underscores PBPartners’ rapid growth since its launch, driven by a technology-enabled distribution model that empowers entrepreneurs while extending insurance access to underserved regions.

Building One of India’s Largest Insurance Networks

Launched with the objective of simplifying insurance distribution and creating entrepreneurial opportunities, PBPartners has evolved into one of India’s largest insurance entrepreneurship platforms.

The company has expanded from:

• 66,000 partners to over 5 lakh partners
• 167 cities to 703 cities
• Coverage across more than 19,000 pin codes

Its growing footprint reflects increasing insurance awareness and demand across Tier II, Tier III and rural markets, where access to financial protection has traditionally been limited.

Technology Driving Financial Inclusion

PBPartners attributes its growth to a technology-led, phygital distribution model that combines digital capabilities with a network of local insurance advisors.

The platform enables partners to access digital tools, training programmes and operational support, helping them serve customers more efficiently while building sustainable businesses.

By integrating technology with human expertise, PBPartners continues to bridge the gap between insurance providers and consumers across the country.

Leadership Reflects on the Journey

Commenting on the milestone, Dhruv Sarin, Chief Executive Officer of PBPartners, said the company was founded on the belief that insurance should be accessible even in the remotest parts of India while creating entrepreneurial opportunities for individuals across the country.

He noted that the platform’s network of over five lakh partners is helping expand financial protection while supporting the Insurance Regulatory and Development Authority of India’s (IRDAI) vision of “Insurance for All.”

Sarin added that PBPartners remains committed to equipping its partners with technology, training, operational support and financial incentives to help them grow successful businesses.

Scaling Operations Nationwide

Alongside partner growth, PBPartners has significantly expanded its operational infrastructure over the past five years.

Key achievements include:

• Experience Centres increased from 8 to 34
• Workforce expanded from 1,078 employees to 4,624
• Nearly ₹3 crore in on-demand partner payouts processed daily
• Around 4,800 partners receiving daily payouts

These milestones demonstrate the platform’s growing contribution to India’s insurance distribution ecosystem while generating economic opportunities for entrepreneurs nationwide.

Empowering Entrepreneurs Through Insurance

Sarbvir Singh, Joint Group Chief Executive Officer of PB Fintech, described PBPartners as a large-scale entrepreneurship success story that has enabled hundreds of thousands of individuals to build businesses while improving insurance penetration across India.

He added that the combination of entrepreneurship and technology has proven effective in reaching underserved markets and believes the model will continue to support the next phase of growth for India’s insurance sector.

Looking Ahead

As PBPartners enters its next phase of expansion, the company plans to:

• Strengthen its partner ecosystem
• Expand insurance accessibility
• Increase its presence across Bharat
• Enhance technology-led distribution
• Support greater financial inclusion

The company aims to further simplify insurance access while creating new entrepreneurial opportunities through its phygital business model.

The Bigger Industry Shift

PBPartners’ growth reflects several broader trends shaping India’s insurance landscape:

• Rising insurance awareness across Tier II and Tier III markets
• Expansion of technology-enabled distribution platforms
• Growth of entrepreneurship-led financial services
• Increased focus on financial inclusion
• Stronger adoption of digital insurance solutions

Industry experts believe technology-driven distribution models will play an increasingly important role in achieving broader insurance penetration across the country.

The Bottom Line

Five years after its launch, PBPartners has established itself as one of India’s leading insurance entrepreneurship platforms.

With more than 5 lakh partners, over 8.4 million policies issued and an expanding nationwide footprint, the company continues to strengthen insurance accessibility while creating meaningful economic opportunities for entrepreneurs across India.