New Delhi, January 2, 2014: PNB MetLife India Insurance Company Limited (PNB MetLife), one of India’s leading life insurance companies announced the launch of 16 new life insurance products today compliant with the IRDA guidelines. These products are designed to meet the various needs of policy buyers like protection, tax savings and wealth creation covering ULIPs, traditional and Group platform. PNB MetLife is providing customers with much needed financial security while simultaneously delivering other benefits such as guaranteed monthly income and guaranteed money back schemes through these offerings.

Speaking about the new products, Rajesh Relan, Managing Director and Country Manager said “At PNB MetLife, we have always designed our products keeping in mind our customer needs of financial protection, long-term savings and retirement. Our new product suite caters to all possible customers depending on their need analysis and risk appetite.”

About PNB MetLife India Insurance Company Limited
PNB MetLife India Insurance Company Limited (PNB MetLife) is a joint venture between MetLife International Holdings Inc. (MIHI), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, with MIHI and PNB being the majority shareholders. PNB MetLife was previously known as MetLife India Insurance Company Limited (MetLife India) and has been present in India since 2001.

PNB MetLife brings together the financial strength of MetLife Inc., one of the leading global life insurance provider 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 over 150 locations across the country and serves customers in more than 7,000 locations through its bank partnerships with PNB, JKB and Karnataka Bank Limited.

PNB MetLife provides a wide range of protection and retirement products through its Agency sales of over 20,000 financial advisors and multiple bank partners, and provides access to Employee Benefit plans for over 800 corporate clients in India. With its headquarters in Bangalore and Corporate Office in Gurgaon, PNB MetLife is one of the fastest growing life insurance companies in the country. The company continues to be consistently profitable and has declared profits for last three Financial Years. 

For more information, visit PNB MetLife

Press Contacts

PNB MetLife
Pooja Garg Khan
pgargkhan@pnbmetlife.com
+91 9811315510    

Penn Schoen Berland
Karun Malik
kmalik@ps-b.com
+91 9582314567