New Delhi, 6 June 2024 – PNB MetLife India Insurance Co. Ltd., a leading life insurer, announces today the appointment of Sameer Bansal as Managing Director and Chief Executive Officer, effective July 1, 2024, subject to the necessary regulatory approvals.

Sameer has over 25 years of experience in financial services, including extensive and successful experience in leading Distribution through Bancassurance, Agency, Digital, Employee Benefits and Direct marketing business models. He joined PNB MetLife in 2007, and is currently Chief Distribution Officer and a member of the leadership team.

Sameer succeeds Ashish Srivastava, who has been appointed Managing Director for MetLife Inc.’s Global Shared Services team in India.

“We are very pleased to support the appointment of Sameer Bansal to lead our joint venture company,” commented Lyndon Oliver, Chairman of the Board, “He is a skilled and seasoned leader whose deep knowledge of the industry and our business will ensure the continued growth of PNB MetLife.”

Sameer will lead the business growth of a key market for MetLife with 149 branches in over 18,600 locations through bank partnerships with one of the largest bancassurance networks in India.

“I am honoured to take on this role. We are in a fast changing and competitive market place with significant opportunities and I am very excited to lead our company as we deliver on our Circle of Life promise to our customers, and live our purpose: Milkar Life Aage Badhaein, for all our stakeholders,” said Sameer Bansal.

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.

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 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. Phone: 080-66006969, Website: 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

For more information please connect:

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