Delhi/Mumbai, 8^th April 25 – PNB MetLife India Insurance Company Limited has launched PNB MetLife Pension Premier Multicap Fund under its Unit-Linked Insurance Plans (ULIPs) offerings. The actively managed fund is designed to help customers build secure retirement savings. Launched in collaboration with Policybazaar, the fund will be available for subscription from April 1 to April 15, 2025, at an initial Net Asset Value (NAV) of ₹10, and post that it will be available as per current market value.

The Pension Premier Multi-Cap Fund is available with PNB MetLife Smart Invest Pension Plan (UIN - 117L137V02). The plan will help customers build a robust retirement corpus along with offering life insurance coverage as protection, ensuring financial protection for the family in case of unforeseen events.

Key Features of the PNB MetLife Pension Premier Multicap Fund:

• Leverages PNB MetLife's proven Multicap strategy to offer a tailored financial solution designed for wealth generation and retirement planning.
• Invests in a diversified portfolio
• Aims to outperform the S&P BSE 500 Index through a disciplined investment strategy.

Sanjay Kumar, Chief Investment Officer, PNB MetLife, said: “Retirement planning isn’t just about saving money—it’s about making smart investment choices that ensure long-term financial independence. With PNB MetLife Pension Premier Multicap, we extend our proven multi-cap investment strategy to the ULIP pension space, offering customers a robust opportunity to build wealth through a diversified portfolio. Our partnership with Policybazaar enhances digital accessibility, making retirement planning simpler and more inclusive.”

Vivek Jain, Chief Business Officer, Life Insurance, Policybazaar.com, said “Retirement planning in India has traditionally meant relying on personal savings or the cushion of family support. However, this is changing now with the growing need for more structured financial solutions. Recognising this shift, Policybazaar has partnered with PNB MetLife to introduce a smart and flexible pension plan combined with a new pension fund designed for wealth creation and portfolio stability. We are proud to take this thoughtful step towards helping individuals build a secure future and make the most of India’s growing economy.”

Since its launch in March 2018, the PNB MetLife Premier Multicap Fund has delivered a compound annual growth rate (CAGR) of 15.9%, beating the S&P BSE 500 Index by 3.8 percentage points. Over the last five years, the fund has provided an annualized return of 20.0%, above market averages, while maintaining a balanced risk profile. Given this strong performance, PNB MetLife is now introducing the fund as part of its Unit Linked Insurance Plan Pension offerings.

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 positioning, Milkar Life Aage Badhaein, is demonstrated through its customer-centric innovations and employee empowerment practices.

With a strong presence in 155 branches and access to customers in over 19,000 locations (as of November 30, 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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About Policybazaar:

As India’s largest insurance broker, Policybazaar is committed to making insurance accessible and understandable for every Indian. Since 2008, we have been at the forefront of transforming the insurance sector by providing transparent, efficient, and unbiased solutions tailored to the diverse needs of over 80.5 million registered users.

With a dominant market share of over 93% in the digital insurance aggregator space and annual premium collection exceeding ₹15,000 crore in FY24, we have established ourselves as a trusted name in insurance and financial protection. Our platform facilitates millions of insurance inquiries annually and features a wide range of products from over 50 insurance partners, covering health, life, motor, and corporate insurance solutions.

To date, we have issued over 44.3 million policies and played a crucial role in protecting 9 million families against death, disease, and disability. Our 24x7 online support, combined with on-ground assistance from over 6,000 insurance advisors, ensures a seamless experience for our customers.

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