Shand Panesar, along with colleague Craig Nicholson, won the Total Excellence in Policing Awards at the annual ceremony last week for rescuing a couple from a burning building.
Thousands of Londoners took part in the public vote to choose the winner of this year's Outstanding Bravery of the Year Award, which was won by Nicholson and Panesar from Hillingdon borough, the Metropolitan Police said in a statement.
Although the officers had no fire safety equipment or protective clothing they acted in the best traditions of the Met and charged into the flame engulfed house without any hesitation.
"They searched blind, in thick black smoke, in a desperate bid to find and rescue those trapped inside but were beaten back by flames and had to retreat outside.
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"At this point both officers knew that not going back in would be fatal for those inside. PC Nicholson then took several deep breaths before re-entering the address, only using his police issue white shirt to cover his mouth and nose from the toxic smoke," the Met Police statement read.
"She has since made a full recovery and medics confirmed that the woman would have died were it not for the officer's decision to risk his own life to re-enter the burning building, rescue her and commence CPR," it added.
Met Commissioner, Sir Bernard Hogan-Howe said:"These awards give us the opportunity to recognise and celebrate the courage and professionalism of our officers and police staff, in saving lives, fighting crime and tackling armed and dangerous criminals.
"Today is an opportunity for me to say a final thank you to all those men and women of the Met who give so much for London every day.
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