New Delhi, April 1, 2026: PNB MetLife India Insurance Company Limited (PNB MetLife), one of India’s leading life insurers, today announced the launch of the PNB MetLife Pension Dividend Leaders Index Fund (SFIN ULIF04101/04/26PEDIVIDEND117), along with its ULIP Product. The fund is designed to help customers build long term retirement savings by replicating an index of companies with a consistent record of dividend payouts. It will be offered through the PNB MetLife Smart Invest Pension Plan Pro, an individual, non participating, unit linked pension savings plan (UIN: 117L138V04).

The PNB MetLife Pension Dividend Leaders Index Fund aims to help customers build retirement savings through a dividend led compounding approach, while benefiting from the structure of a pension oriented insurance solution. The fund is designed as a passive equity strategy and will be benchmarked against the BSE 500 Dividend Leaders 50 Index (Customized ), which is evaluated and rebalanced annually by the index provider.

The fund will be available during the New Fund Offering (NFO) period from April 1 to April 19, 2026, at an initial Net Asset Value (NAV) of ₹10 per unit, with the first NAV to be declared on April 20, 2026. Customers can invest through Policybazaar and PNB MetLife’s direct to consumer digital platforms. The fund’s availability through digital and partner platforms supports wider access to retirement planning solutions for customers across India.

Key features of PNB MetLife Pension Dividend Leaders Index Fund include:

• Reliability through proven dividend payers: Passively invests in the top 50 companies known for consistent dividend payouts, by replicating the BSE 500 Dividend Leaders 50 Index
• Profitability & free cash flow focus: Replicates index of fundamentally strong and profitable companies across large cap, mid cap, and small-cap segments
• Systematic Wealth Growth: Dividends earned are reinvested to support compounding overtime
• Passive investment strategy: Offers exposure to equity markets with a structured, rule based approach
• Retirement oriented approach: Designed to support long term income generation and capital growth for pension planning

Speaking on the launch, Sanjay Kumar, Chief Investment Officer, PNB MetLife, said: “With over 230 million people expected to be above 60 by 2036 , the PNB MetLife Pension Dividend Leaders Index Fund is designed to help bridge India’s retirement gap by offering a disciplined, passive investment approach within a strong pension insurance framework, supporting joyful and financially secure retirement.”

Along with supporting long term retirement planning, the policy also includes a life insurance death benefit that helps ensure continued financial support for loved ones, as long as the policy remains active and premiums are maintained. This combination reflects PNB MetLife’s commitment to keeping its promise of long term financial protection for customers and their families.