5.82 Lakh Customers to benefit from strong performance in participating products

• Strong double-digit increase in bonus amount from last year, reflecting prudent investment and robust risk management under favourable market conditions.
• The number of beneficiaries has increased by 5.43% from last year.

13th June 24, National: PNB MetLife, one of India's leading life insurance companies, announces a bonus of INR 930 crore for eligible participating policyholders, benefiting 5.82 lakh customers. This milestone showcases PNB MetLife's unwavering commitment to customer care, financial security, and helping individuals achieve their big dreams.

This year's bonus marks a significant 21% increase from the previous year, with an additional INR 161.40 crore taking the bonus amount declared this year to INR 930 Cr. The number of eligible beneficiaries has increased by 30,000 policyholders, representing a growth rate of 5.43% against last year.

“The INR 930 crore bonus declaration this year reinforces our commitment to generate the best possible outcomes for our customers' financial security and long-term prosperity. Life insurance policies are designed for the long term, and participating insurance products allow us to reward customers throughout the policy term. The company's commitment to customer care and fostering financial well-being remains at the forefront of its mission, ensuring that policyholders can confidently pursue their aspirations.” remarked Sanjay Kumar, Chief Investment Officer, PNB MetLife.

PNB MetLife has a legacy of over two decades, of consistently delivering bonuses on participating insurance products. This dedication to transparency, integrity, and trust reinforces PNB MetLife as a reliable and caring partner in our customers' financial journey. The company's innovative need-based solutions and personalized services are designed to enhance customer experiences, further cementing its position as a trustworthy brand.

As PNB MetLife celebrates this achievement, the company reaffirms its pledge to champion the aspirations of its customers, continually innovating and evolving to meet their needs and dreams.

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.

With a strong presence in 149 branches and access to customers in over 18,600 locations (as of March 31, 2023) 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 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. Please consult your tax consultant for more details. Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time. Call us Toll-free at 1-800-425-6969, 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 contact:

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