PB Fintech made further investment of around Rs 450 crore in Policybazaar Insurance Brokers, a wholly owned subsidiary of the company. As part of company’s investments, the present investment allows company to strengthen the financial health of its mentioned wholly-owned subsidiary to meet its general operating expenses and enhancing brand awareness, office presence and strategic initiatives. With the aforesaid investment, the entire amount of Rs 700 crore as approved by the Board and communicated earlier, stands completed.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.