PNB MetLife India Insurance Company Limited (PNB MetLife) established in 2001 is one of the leading life insurance companies in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

. PNB MetLife shareholders include

MetLife MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, wi ...

International Holdings LLC (MIHL),

Punjab National Bank Punjab National Bank (abbreviated as PNB) is an Indian public sector bank headquartered in Delhi. The bank was founded in May 1894 and is the second largest government-owned bank in India, both in terms of its business volumes and its network ...

(PNB), Jammu & Kashmir Bank Limited (JKB), and M. Pallonji and Company Private Limited, as well as other private investors. MIHL and PNB are the majority shareholders in the company. The company serves customers in over 7000 locations providing a range of

health Health, according to the World Health Organization, is "a state of complete physical, mental and social well-being and not merely the absence of disease and infirmity".World Health Organization. (2006)''Constitution of the World Health Organiza ...

, life and retirement insurance products.

History

PNB MetLife was initially launched as MetLife India Insurance Company Limited in 2001. In 2011, PNB acquired a 30% stake in MetLife India Insurance. On 7 December 2012, PNB and MetLife India approached the Competition Commission of India (CCI). In January 2013, PNB received full approval to purchase a 30% stake in MetLife India Insurance. This new private sector life insurer was re-branded as PNB MetLife India Ltd. PNB MetLife now has over 150 branches across the country and serves customers at more than 7,000 locations through its bank partnerships with PNB, Jammu and Kashmir Bank Limited (JKB), and Karnataka Bank Limited.

Key people

The key people of PNB MetLife India Insurance Company Limited as defined by

Insurance Regulatory and Development Authority of India The Insurance Regulatory and Development Authority of India (IRDAI) is a regulatory body under the jurisdiction of Ministry of Finance , Government of India and is tasked with regulating and licensing the insurance and re-insurance industrie ...

(IRDA) are as follows:

Products and services

Some key plans include: * PMLI Super Saver Plan – Long Term Savings * PMLI Guaranteed Savings Plan – Long Term Savings * PMLI Mera Jeevan Suraksha Plan – Life Protection * MetLife Mera Term Plan – Protection for Your Family * MetLife Retirement Savings Plan – Retirement Plan * PMLI Whole Life Wealth Plan – Long Term Savings * MetLife Mera Wealth Plan – Life Protection * Century Plan: Cover 100 years protection

Awards

2016: PNB MetLife won the ‘Website of the Year’ award at the E-Commerce Summit & Awards in Mumbai. 2016: PNB MetLife won ‘Celent Model Insurer Asia’ award for the most responsive eCommerce platform on a mobile. 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.

Other achievements

In August 2014, the company launched its

corporate social responsibility Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethicall ...

program to support the education of children in

Karnataka Karnataka (; ISO: , , also known as Karunāḍu) is a state in the southwestern region of India. It was formed on 1 November 1956, with the passage of the States Reorganisation Act. Originally known as Mysore State , it was renamed ''Karnat ...

. The project, which is part of the existing Rajiv Gandhi Crèche Scheme, supports the government's priority of strengthening and supporting the 30 crèche centers. On the occasion of

World Health Day World Health Day is a global health awareness day celebrated every year on 7 April, under the sponsorship of the World Health Organization (WHO), as well as other related organizations. In 1948, the WHO held the First World Health Assembly. Th ...

, PNB MetLife announced the fifth edition of Guinness Record-holding PNB MetLife Satara Hill Half Marathon 2016. A new digital campaign, including a 75-second film conceptualized by

McCann Erickson McCann, formerly McCann Erickson, is an American global advertising agency network, with offices in 120 countries. McCann is part of McCann Worldgroup, along with several other agencies, including direct digital marketing agency MRM//McCann, expe ...

, was launched by PNB MetLife in June 2016

References

{{Insurance in India Life insurance companies of India Financial services companies based in Mumbai MetLife Punjab National Bank 2001 establishments in Maharashtra Financial services companies established in 2001 Indian companies established in 2001