Photon-pair sources based on thin film lithium niobate on insulator technology have a great potential for integrated optical quantum information processing. We report on such a source of correlated twin-photon pairs generated by spontaneous parametric down conversion in a silicon nitride (SiN) rib loaded thin film periodically poled lithium niobate (LN) waveguide. The generated photon pairs have a wavelength centred at 1560 nm compatible with present telecom infrastructure, a large bandwidth (21 THz) and a brightness of $\sim 2.5\times 10^5$ pairs/s/mW/GHz. The photons are correlated and exhibit a cross correlation $g^{(2)}(0)$ of about 8000. Using the Hanbury Brown and Twiss effect, we have also shown heralded single photon emission, achieving an autocorrelation $g^{(2)}_H(0) \simeq 0.04$.