31^st July 24, Wednesday: PNB MetLife India Insurance Company Limited announces the launch of Bharat Manufacturing Fund, a new fund option within its Unit Linked Insurance Plan (ULIP) category. The fund offers policyholders a unique opportunity to invest in India's thriving manufacturing sector, and will be available at an initial unit price of ₹10 during the New Fund Launch period from August 1st to August 15th, 2024.

Customers can invest in the Bharat Manufacturing Fund through a variety of existing PNB MetLife ULIPs, including the PNB MetLife Goal Ensuring Multiplier (UIN: 117L133V03), PNB MetLife Smart Platinum Plus (UIN: 117L125V03), and PNB MetLife Mera Wealth Plan (UIN: 117L098V06). These ULIPs provide a comprehensive suite of benefits, including life insurance protection, flexible investment options, and personalized wealth creation solutions. All these plans can be conveniently purchased online, offering a smooth investment experience.

Sanjay Kumar, Chief Investment Officer at PNB MetLife, says, “India is on track to become the world’s third-largest economy, driven by key manufacturing sectors such as automobiles and auto ancillaries, capital goods, healthcare, commodities, chemicals and textiles. With the launch of this fund, PNB MetLife is offering customers a unique opportunity to align their financial aspirations with the growth of India’s manufacturing sector, which could contribute ~25% of the nation's aspirational $30 trillion GDP by 2047. This actively managed fund provides the potential for significant returns thereby supporting our customers in their financial journey.”

The fund leverages the manufacturing sector's stellar performance, as evidenced by the Nifty India Manufacturing Index's significant outperformance versus the Nifty 50 Index. The index has delivered 5-year annualized returns of 25.3% versus 15.3% for Nifty 50 (as of 30 June 2024). It presents a compelling opportunity for superior returns, with the potential to outperform the broader markets.

These are returns of the benchmark index and are not indicative of the return of PNB MetLife (BMF). NAV of Rs 10/- will be applicable for duly completed proposals received from 1st to 15th August and issued on 16th August 2024. For policies issued after 16th August the prevailing NAV on the day of issuance will be applicable.

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 18,600 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 19,500 financial advisors and multiple bank partners and caters to over 590+ group relationships in India.

For more information, follow us on FB & IG: https://www.instagram.com/pnb_metlife, www.facebook.com/PNBMetLife, or visit https://www.pnbmetlife.com/.

The marks “PNB” and “MetLife” are the registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife Bharat Manufacturing Fund (SFIN: ULIF02901/08/24BHARATFUND117) is an actively managed fund with NIFTY India Manufacturing index as its benchmark. PNB MetLife India Insurance Company Limited is a licensed user of these marks. PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore - 560001, Karnataka. IRDAI Registration number 117. CIN no. U66010KA2001PLC028883. Call us Toll-free at 1-800-425-6969. Website: https://www.pnbmetlife.com/, Email: indiaservice@pnbmetlife.co.in or write to us: 1st Floor, Techniplex-1, Techniplex Complex, Opposite Veer Savarkar Flyover, Goregaon (West), Mumbai - 400062, Maharashtra.

These are returns of benchmark index and are not indicative of the return of PNB MetLife (BMF). NAV of Rs 10/- will be applicable for duly completed proposals received from 1st to 15th Aug and issued on 16th Aug 2024. For policies issued after 16th Aug prevailing NAV on the day of issuance will be applicable.

For more information, please contact:

Priya Saini, +91 8447441404, Priya.saini@veritasreputation.com