14^th Nov 2024: PNB MetLife India Insurance Company Limited is launching the Bharat Consumption Fund, a new fund option in its Unit Linked Insurance Plan (ULIP) lineup. The fund provides policyholders with an entry to India’s consumer market. The consumer market is projected to reach $4 trillion by 2030, making it the world’s third largest . The Bharat Consumption Fund will be available at an initial unit price of ₹10 during the New Fund Launch period from 15th November to 28th November 2024.

Customers can access the Bharat Consumption Fund through existing PNB MetLife ULIPs - PNB MetLife Goal Ensuring Multiplier and PNB MetLife Smart Platinum Plus. These plans provide life insurance coverage and flexible wealth-building options and are available online for convenience.

India’s consumer sector has significant growth potential, driven by favourable demographics, rising incomes, urbanization, and increased spending. By 2030, the country is expected to add 22% of the world’s working-age population , and the anticipated growth in consumer spending is expected to drive long-term demand across sectors like consumer durables, personal care, fast moving consumer goods, and e-commerce.

"The Bharat Consumption Fund enables our customers to participate in India’s dynamic economic growth. Our goal is to help them achieve their financial aspirations through consistent, risk-adjusted returns,” said Sanjay Kumar, Chief Investment Officer at PNB MetLife. “This Fund has been crafted with a focus on long-term value creation, leveraging our strong risk management framework.”

The actively managed fund will invest in a diversified portfolio of companies across India’s consumption sectors, carefully selected to maximize growth potential. The fund’s strategy is aligned with the Nifty India Consumption Index, which has outperformed the Nifty 50 Index in recent years. For policies issued after the New Fund Launch period, the prevailing NAV on the issuance date will apply. While investment returns are subject to market risk and are not guaranteed, the Fund aims to provide consistent value over time through careful management and a robust, diversified portfolio.

Disclaimer:

Investors are reminded that premiums paid in unit-linked life insurance policies are subject to investment risks associated with capital markets, and NAVs of the units may go up or down, based on the performance of the fund and factors influencing the capital market and the insured is responsible for his/her decisions.

Investors should always read the sales brochure carefully before concluding a sale to understand the details and risk factors.

Bharat Consumption Fund (SFIN: ULIF03015/11/24CONSUMFUND117) aligned with the Nifty India Consumption Index, which has outperformed the Nifty 50 Index in recent years. Bharat Consumption Fund will be available through existing PNB MetLife ULIPs - PNB MetLife Goal Ensuring Multiplier (UIN: 117L133V04) and PNB MetLife Smart Platinum Plus (UIN: 117L125V04).

Unit-linked life insurance products (ULIPs) are different from traditional insurance products and are subject to risk factors.

The Unit Linked Insurance Plan Names are only the names of the unit-linked life insurance contracts and do not in any way indicate the quality of the contract, their future prospects or returns. The various funds offered under these contracts are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

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 the 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 150 branches and access to customers in over 19,000 locations (as of March 31, 2024) 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 28,000 financial advisors and multiple bank partners and caters to over 521 group relationships in India.

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