17 November 2023: PNB MetLife, a leading name in India's life insurance sector, is pleased to announce the appointment of Ms. Asfa Bihari as Appointed Actuary. This strategic decision marks a significant milestone in enhancing the company's financial excellence and robust actuarial practices.

Asfa assumed her new role on October 20, 2023, and will play a key part in shaping the company's financial strategy, risk management, and ensuring that the insurance products offered by PNB MetLife adhere to the highest standards of actuarial precision.

She brings with her a wealth of experience, having previously served at ICICI Prudential Life Insurance for over seven years in various actuarial functions. With over 17 years in the life insurance and consulting industry, Asfa's proficiency and understanding of dynamic market conditions and regulatory changes will be instrumental in achieving outstanding results for PNB MetLife. She is a Fellow member of the Institute of Actuaries of India and holds two master's degrees in finance.

Ashish Kumar Srivastava, MD & CEO of PNB MetLife, said, "We are thrilled to welcome Asfa as the Appointed Actuary of PNB MetLife. With her extensive experience, she will play a pivotal role in raising the bar of excellence at the organization whilst building a robust risk and financial framework. Under her leadership, I’m confident that our actuarial function will thrive and make our overall organization stronger.”

Asfa Bihari expressed her enthusiasm for the new role. "I am honored to step into the role of Appointed Actuary at PNB MetLife, a company known for its unwavering commitment to financial prudence and a customer-centric approach. My primary focus will be on strengthening and upholding the high standards and practices that PNB MetLife employees have maintained over the years, underlining our commitment to excellence in the financial services we provide."

With the appointment of Asfa Bihari as the new Appointed Actuary, PNB MetLife reinforces its dedication to financial excellence and unwavering customer-centric values.

About PNB MetLife India Insurance Company Limited

PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India that combines the financial strength of MetLife, Inc. with the credibility of PNB, one of India's oldest nationalized banks. PNB MetLife’s purpose, Milkar Life Aage Badhaein, is demonstrated through its customer-centric innovations and employee empowerment practices. With a strong presence in 139 branches and access to customers in over 18,600 locations (as on March 31, 2023) through bank partnerships, PNB MetLife offers a comprehensive product portfolio covering Child Education, Family Protection, Long-Term Saving and Retirement. The company has a wide range of protection and retirement products available through its sales channel of over 19,500 financial advisors and multiple bank partners, and caters to over 590+ group relationships in India.

For more information, follow us on Twitter @PNBMetLife1, www.facebook.com/PNBMetLife, or visit www.pnbmetlife.com.

Media Contacts:

Priya Saini, +91 9354796998, priya.saini@veritasreputation.com

Anagh Mamadapur, +91 7021938327, anagh.m@veritasreputation.com