23 November 2023, Bhopal: PNB MetLife, a leading player in the insurance industry, recently organized a media roundtable event at Radisson in Bhopal. The gathering facilitated a meaningful discussion between key executives and media representatives, focusing on the company's latest insurance products and strategic plans.

PNB MetLife, a prominent life insurance company in India, seamlessly blends the credibility of PNB, one of the nation's oldest and foremost nationalized banks, with the robust financial legacy of MetLife Inc., a global insurance leader with 155 years of experience. With over 20 years of dedicated service in the Indian market, PNB MetLife stands as a trusted and well-established brand, boasting a widespread presence across the country through a variety of distribution channels.

PNB MetLife is leading a transformative shift in the complete customer experience, from the initial sales process to onboarding and ongoing post-sale service. This transformation harnesses the power of a comprehensive digital ecosystem. PNB MetLife provides a diverse range of products and solutions designed to meet the financial needs of individuals at various life stages, such as retirement, protection, child-related expenses, and long-term savings. These offerings are thoughtfully aligned with their Circle of Life philosophy.

Leveraging AI, ML, and data analytics tools, PNB MetLife has accelerated processes, ensuring seamless experiences for stakeholders. Customer loyalty is evident in prolonged associations, with a substantial number choosing to remain with PNB MetLife until the completion of their policy tenure. Industry reports affirm this trend, highlighting the company's industry-leading Surrender Rate.

PNB MetLife’s impressive claim settlement ratio of 99.06% and 99.70% for FY 2023 for Individual and Group claims across country that proves PNB MetLife’s commitment to stand by their customers in their time of need. PNB MetLife’s remarkable claim settlement ratio demonstrates its deep commitment to standing by customers when it matters the most.

The company currently has 8 PNB MetLife branches in Madhya Pradesh city, as well as 459 branches through their banca partnerships in the region through which they offer services and products to customers.

PNB MetLife sets a benchmark for excellence within the life insurance industry, ensuring customers enjoy the peace of mind they rightfully deserve. The company places paramount importance on their financial security and consistently delivers exceptional customer service.

Recently, PNB MetLife introduced the PNB MetLife Genius Plan, an individual, non-linked, non-participating, savings-oriented life insurance plan. This offering aims to cater to the diverse life stage needs of customers residing in Bhopal. The plan not only provides life insurance coverage but also offers parents the flexibility to choose the timing of benefit pay-outs, aligning with their unique preferences and financial capacity, as they pay premiums over a selected time frame that suits their convenience.

PNB MetLife has been fulfilling customer’s dreams of wealth creation with consistently superior fund performance by outperforming peers.* They have also launched a Sustainable Equity Fund. The latest addition to the PNB MetLife Goal Ensuring Multiplier plan empowers customers to create a positive influence while maximizing their returns. This is achieved by directing their premium investments towards companies that champion environmental, social, and governance (ESG) principles. Sustainable investing, recognized as one of the most rapidly expanding global investment trends, offers a meaningful avenue to simultaneously contribute to societal betterment and accumulate wealth. *Source: Morningstar

About PNB MetLife

PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India (Source – CRISIL), has as its shareholders MetLife International Holdings LLC (MIHL), Punjab National Bank (PNB), M. Pallonji and Company Private Limited, Jammu & Kashmir Bank Limited (JKB), and other investors, with MIHL and PNB being the promoters of the Company. PNB MetLife has been present in India since 2001.

PNB MetLife brings together the financial strength of a leading global life insurance provider, MetLife, Inc., and the credibility and reliability of PNB, one of India's oldest and leading nationalized banks. The vast distribution reach of PNB together with the global insurance expertise and product range of MetLife makes PNB MetLife a strong and trusted insurance provider.

PNB MetLife is present in 140 locations across the country with access to customers in ~18,600 locations through its strong bank partnerships with PNB, JKB, KBL and other bank partners.

PNB MetLife follows the ‘Circle of Life’ philosophy, we offer products and solutions that address their diverse needs of Family Protection, Long-term Savings and Retirement. In line with our products philosophy, we launched PNB MetLife Grand Assured Income plan, a non-par deferred annuity product aiming to help customers, prepare for their retirement years. The company launched GENIUS plan. The Plan offers complete flexibility of design to suit individual requirements and addresses two primary concerns (a) Guaranteed Returns irrespective of market fluctuations and (b) Continuity of Benefits in the event of any unfortunate incidence to the Parent.

For more information:

Contact for Media: Priya Saini, +91 93547096998, priya.saini@veritasreputation.com