PB Fintech's UAE insurance business grows 19-fold as it looks beyond motor cover

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The Economic Times daily newspaper is available online now. Read Today's Paper PB Fintech's UAE insurance business grows 19-fold as it looks beyond motor coverET OnlineLast Updated: Oct 30, 2026, 07:28:00 PM ISTSynopsis

PB Fintech has achieved impressive growth within the UAE insurance landscape, notably boosting its premium volumes since FY22. With a strategic plan in place, the company intends to diversify its offerings by introducing health and life insurance solutions geared towards NRIs. Key features will include cross-border protection and simplified claims processing.

From motor insurance to health and life cover, PB Fintech is looking to widen its insurance play in the UAE, where its business has grown 19-fold since FY22.

The company's UAE insurance premium grew 36% year-on-year in Q2 FY27, taking its annualised premium run rate to ₹2,258 crore, according to its latest investor presentation. Having established its UAE operations in FY19, PB Fintech is now looking to build on that growth by expanding its focus to health, life and broader financial products.

The shift could give the company a larger opportunity to serve Indians living in the UAE and other non-resident Indian (NRI) customers. Its presentation highlights products designed specifically for NRIs, including cross-border insurance coverage in India and the UAE, as well as income protection plans.

The company is also seeking to differentiate its offerings through benefits that extend beyond policy purchase. These include cashless claims of up to AED 1 million in both India and the UAE, the option to port policies to India without a waiting period when customers return, annual health checks and no-claim bonuses.

PB Fintech is also building customer-retention programmes through PB Royalty and PB Advantage, which offer referral rewards, excess waivers and service discounts.

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The UAE business is part of PB Fintech's broader portfolio of newer initiatives, which also includes PB Partners, PB for Business, PB Connect, PB Pay and Pensionbazaar.

At the group level, PB Fintech reported revenue of ₹2,178 crore in Q2 FY27, up 35% year-on-year, while profit after tax rose 43% to ₹192 crore.
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