Claim settlement Ratio: 96.21%
PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India. PNB MetLife has as its shareholders MetLife International Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, MIHL and PNB being the majority shareholders. 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 nationalised 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 107 locations across the country with access to over 100 million customers in more than 11,000 locations through its strong bank partnerships with PNB, JKB, KBL and other bank partners.
PNB MetLife partners with the customers for their entire ‘Circle of Life’ covering their 4 different stages of life – Child Education, Family Protection, Long Term Savings and Retirement. Our comprehensive product portfolio comprises of 16 Savings Products, 13 Protection Products, 5 pension products, and 8 optional riders.
PNB MetLife wide range of protection and retirement products through its Agency sales of over 7,338 financial advisors and multiple bank partners, and provides access to Employee Benefit plans for over 659 corporate clients in India. The company continues to be consistently profitable and has declared profits for last five Financial Years.
Highlights
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History : PNB MetLife incorporates in India in 2001 and establishes a pan-Indian footprint within 19 years of operations
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Robust Distribution: Multi-channel distribution with strong Agency, Banc assurance and Direct channels; with a presence in more than 700 distinct cities through a bank branch network of over 11,588 branches and access to over 105 million customers.
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Building of brand through Badminton: PNB MetLife believes in nurturing talent from grass root level with an aim to reach out to young talent across the country. To promote badminton on-ground, the company has successfully launched its fifth season of the annual property - Junior Badminton Championship (JBC 5) in June this year.