https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=PNB_MetLife_India_Insurance_CompanyPNB MetLife India Insurance Company - Revision history2026-11-07T13:47:58ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=PNB_MetLife_India_Insurance_Company&diff=248529&oldid=prev223.228.234.199: /* Products and services */2021-09-15T05:05:07Z<p><span class="autocomment">Products and services</span></p>
<p><b>New page</b></p><div>{{ad|date=June 2020}}<br />
{{Use dmy dates|date=February 2019}}<br />
{{Use Indian English|date=February 2019}}<br />
{{Infobox company<br />
| name = PNB MetLife India Insurance Company Limited<br />
| logo =<br />
| logo_alt = PNB MetLife Insurance<br />
| type = [[Subsidiary]] <br />
| foundation = {{start date and age|df=y|2001}}<br />
| location = [[Mumbai]], [[India]]<br />
| area_served = India<br />
| key_people = Ashish Kumar Srivastava (MD & CEO)<br />
| industry = [[Financial services]]<br />
| products = [[Life insurance]]<br />[[Employee benefits]]<br />[[Investment management]]<br />
| parent = [[Punjab National Bank]]<br />[[MetLife]]<br />
| num_employees = 10,444+ <br />
| homepage = {{URL|www.pnbmetlife.com}}<br />
}}<br />
<br />
'''PNB MetLife India Insurance Company Limited''' (PNB MetLife) is one of the leading life insurance companies in [[India]] present since 2001. PNB MetLife has as its shareholders [[MetLife]] International Holdings LLC (MIHL), [[Punjab National Bank]] (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, MIHL and PNB being the majority shareholders. The company serves customers in over 7000 locations providing a range of [[Health_insurance|health]], life and retirement insurance products.<ref>{{cite web|title=About PNB MetLife|url=https://www.pnbmetlife.com/about-us/pnb-metlife-india.html|website=pnbmetlife|accessdate=7 November 2016}}</ref><br />
<br />
== History ==<br />
PNB MetLife was initially launched as MetLife India Insurance Company Limited in 2001. In 2011, PNB picked up a 30% stake in MetLife India Insurance. Both PNB and MetLife India approached the [[Competition Commission of India]] (CCI) on 7 December 2012. In January 2013, PNB received full approval for acquiring 30% stake in MetLife India Insurance. This new private sector life insurer was re-branded as PNB MetLife India Ltd.<ref>{{cite web|title=Punjab National Bank acquires 30% stake in MetLife, company to be re-branded|url=http://www.indianexpress.com/news/punjab-national-bank-acquires-30--stake-in-metlife-company-to-be-rebranded/1054584|website=The Indian Express|accessdate=1 September 2016}}</ref><br />
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PNB MetLife is now present in over 150 locations across the country and serves customers in more than 7,000 locations through its bank partnerships with [[Punjab National Bank|PNB]], [[Jammu & Kashmir Bank|Jammu and Kashmir Bank Limited]] (JKB) and [[Karnataka Bank|Karnataka Bank Limited]].<br />
<br />
== Key People ==<br />
The key people of PNB MetLife India Insurance Company Limited as defined by [[Insurance Regulatory and Development Authority|Insurance Regulatory and Development Authority of India]] (IRDA) are as follows:<br />
<br />
{| class="wikitable"<br />
|-<br />
! Name of Key Person !! Designation<br />
|-<br />
| Ashish Kumar Srivastava || Managing Director & CEO<br />
|-<br />
| P K Dinakar || Appointed Actuary<br />
|-<br />
| Sanjay Kumar || Chief Investment Officer<br />
|-<br />
| Viraj Taneja || Chief of Internal Audit<br />
|-<br />
| Khalid Ahmad|| Chief Finance Officer<br />
|-<br />
| Sameer Bansal|| Chief Distribution Officer<br />
|-<br />
| Sarang Cheema || Chief Compliance Officer<br />
|-<br />
| Anjan Bhattacharya || Chief Risk Officer<br />
|}<br />
<br />
== Products and services ==<br />
Some key plans include:<br />
<br />
* PMLI Super Saver Plan – Long Term Savings<br />
* PMLI Guaranteed Savings Plan – Long Term Savings<br />
* PMLI Mera Jeevan Suraksha Plan – Life Protection<br />
* MetLife Mera Term Plan – Protection for Your Family <br />
* MetLife Retirement Savings Plan – Retirement Plan<br />
* PMLI Whole Life Wealth Plan – Long Term Savings<br />
* MetLife Mera Wealth Plan – Life Protection<br />
* Century Plan: Cover 100 years protection<br />
<br />
== Awards ==<br />
2016: PNB MetLife won the ‘Website of the Year’ award at the E-Commerce Summit & Awards in Mumbai.<ref>{{cite web|title=E-COMMERCE AWARD WINNERS 2016|url=http://www.asiaretailcongress.com/e-commerce-winners_2016.html|website=asiaretailcongress|accessdate=7 November 2016}}</ref><br />
<br />
2016: PNB MetLife won ‘Celent Model Insurer Asia’ award for the most responsive eCommerce platform on a mobile.<ref>{{cite web|title=PNB Metlife Won Celent Model Insurer Asia 2016 Award|url=https://www.policymantra.com/blog/pnb-metlife-won-celent-model-insurer-asia-2016-award/|website=policymantra.com|accessdate=29 April 2016}}</ref><ref>{{cite web|title=PNB Metlife wins Model Insurer Asia awards 2016|url=http://www.indiainfoline.com/article/news-sector-insurance/pnb-metlife-wins-model-insurer-asia-awards-2016-116042800454_1.html|website=indiainfoline.com|accessdate=28 April 2016}}</ref><br />
<br />
2016: PNB MetLife won honors at the prestigious Asia Training & Development Excellence Awards 2016 held in Singapore in two categories – Best Education Training Campaigns and Programs and Best Sales Development Program.<ref>{{cite web|title=PNB METLIFE WINS TWO HONORS AT ASIA TRAINING & DEVELOPMENT EXCELLENCE AWARDS 2016|url=http://visheshnews.in/2016/08/16/pnb-metlife-wins-two-honors-at-asia-training-development-excellence-awards-2016/|website=visheshnews.in|publisher=Vishesh News|accessdate=16 August 2016}}</ref><br />
<br />
<br />
== Other achievements ==<br />
The company launched its [[corporate social responsibility]] programme in August 2014 in support of the education of children in [[Karnataka]]. This project, which is part of the existing Rajiv Gandhi Crèche Scheme, works in tandem with the Government agenda towards strengthening and supporting the 30 crèche centres.<ref>{{cite web|title=PNB Met Life, Karnataka Bank reiterate support for creche project under CSR|url=http://timesofindia.indiatimes.com/city/mangaluru/PNB-Met-Life-Karnataka-Bank-reiterate-support-for-creche-project-under-CSR/articleshow/52065101.cms|website=The Times of India|accessdate=24 October 2016}}</ref><br />
<br />
On the occasion of [[World Health Day]], PNB MetLife announced the fifth edition of Guinness Record-holding PNB MetLife Satara Hill Half Marathon 2016.<ref>{{cite news|title=Hill half marathon to challenge fitness enthusiasts launched in Mumbai|url=https://timesofindia.indiatimes.com/city/mumbai/Hill-half-marathon-to-challenge-fitness-enthusiasts-launched-in-Mumbai/articleshow/51756439.cms|newspaper=The Times of India|date=10 April 2016|accessdate=18 February 2019}}</ref><br />
<br />
In June 2016, PNB MetLife rolled out a new digital campaign, which includes a 75-second film conceptualised by [[McCann Erickson]].<ref>{{cite web|title=PNB MetLife plots wacky vanishing act to show 'anything can happen|url=http://www.campaignindia.in/video/pnb-metlife-plots-wacky-vanishing-act-to-show-anything-can-happen/426596|website=Campaign India|accessdate=25 October 2016}}</ref><br />
<br />
== References ==<br />
{{Reflist}}<br />
{{Insurance in India}}<br />
[[Category: Life insurance companies of India]]<br />
[[Category: Financial services companies based in Mumbai]]<br />
[[Category: MetLife]]<br />
[[Category:Punjab National Bank]]<br />
[[Category:2001 establishments in Maharashtra]]<br />
[[Category:Financial services companies established in 2001]]<br />
[[Category:Indian companies established in 2001]]</div>223.228.234.199