• PBPartners aims to triple Maharashtra agent base in FY26
● Maharashtra health insurance business grew 52% in FY25
● Mumbai leads PBPartners’ growth with over 6,000+ agent partners in the city and 17,000+ in Maharashtra
Mumbai 22nd May 2025 (TGN) : PBPartners, the PoSP arm of Policybazaar, is rapidly expanding in Maharashtra, with Mumbai leading the charge. At a recent press meet in the city, Mr. Neeraj Adhana, National Sales Head – Health Insurance, highlighted the state’s growing health insurance adoption. Maharashtra has over 17,000 agent partners, including 6,000+ in Mumbai, driving insurance penetration in the West Zone.
PBPartners targets 3X growth in Maharashtra, aiming for 50,000+ agent partners in FY26, with 6,000+ already in Mumbai.
Maharashtra is witnessing a sharp rise in demand for health insurance, driven by young, aware customers who are opting for high-value, comprehensive plans. They are exploring diverse options such as OPD cover, maternity coverage, and specialized policies for senior citizens.
PBPartners observed an impressive 52% growth in the health insurance business in FY25 in Maharashtra. This growth reflects the growing awareness and the trust that Mumbaikars have placed in PBPartners’ reliable and efficient service,” said Neeraj Adhana, National Sales Head – Health Insurance, PBPartners.
Agent Partners’ Role in Simplifying the Claims Experience: “At PBPartners, we have established a dedicated claims team to streamline the claims process. This team focuses on immediate coordination between the network hospital and the insurance company whenever a claim is registered, ensuring timely and efficient processing to avoid delays, collecting necessary documents from customers promptly, and providing clear and valid explanations if a claim is rejected,” added Neeraj Adhana, National Sales Head – Health Insurance, PBPartners.
PBPartners focuses on ensuring financial stability for all agent partners. The Renewal Retention Program ensures that PoSP agents receive guaranteed commissions each year when a customer renews their health insurance policy through our platform. This creates a steady, pension-like income stream for our partners. Because of the guaranteed renewals, many agent partners can grow 2 to 3 times their original income in a very short period of time.
From Vegetable Vendor to Top Insurance Partner: A Success Story from Nashik: Highlighting PBPartners’ commitment to financial empowerment, Neeraj Adhana shared an inspiring success story of a former vegetable vendor, Dnaynesh Rajendra Ugale from Nashik. With just a 10th-grade education, he joined PBPartners, underwent comprehensive training—both online and offline—and quickly rose to become one of the top-performing insurance agents in India within three months. Leveraging his local network, he qualified for an international competition and increased his income by 10 times. Stories like his reflect the transformational potential of PBPartners in creating livelihood opportunities for individuals from all walks of life.
