PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the fastest growing life insurance companies in the country having as its shareholders, 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 and has been present in India since 2001.
PNB MetLife brings together the financial strength of a leading global life insurance provider, MetLife, Inc., 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 8,000 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 10,000 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 five Financial Years.
PNB MetLife has won Celent’s Model Insurer Asia 2016 award for the integrated and mobile responsive eCommerce sales platform at a distinguished ceremony that was held in Singapore on April 21, 2016.
PNb MetLife has shown its commitment to delivering a truly customer-centric experience through their mobile responsive eCommerce sales platform with a best in class user interface. This has resulted in the creation of new opportunities for the company to differentiate and to better serve its customers.
MetLife Mera term plan eCommerce sales platform is fully integrated with core IT systems and enables smooth customer on-boarding. A team of dedicated relationship managers leverages CRM to assist customers complete their medicals and KYC (know your customer), without having to visit a branch.
Hosted by Celent, a research and consulting firm focused on the application of information technology in the global financial services industry, the Model Insurer Award recognizes insurance firms that effectively utilize technology as a means to foster investment in innovation. Model Insurer is awarded for best practices of technology usage in different areas critical to success in insurance, and is the main award an insurer can win from Celent.
Insurers were evaluated on three criteria’s: demonstrable business benefit, degree of innovation and technology or implementation excellence as seen through of the use of best practices.
Recently, PNB MetLife launched its new and revamped website which empowers its customers to customize their commonly used self service options, one of the first in the industry. Website is designed to facilitate customer decision making through use of life stage based solutions, products infographics, personalized tools and calculators and informative articles.
While 73% employees expect their employers to offer life cover under group schemes, only 30% employers actually provides the facility, according to Employee Benefits Trend study by PNB MetLife Insurance.
However, 61% employees said that they would like to have life insurance even without support of employers, said study.
65% employees are worried about their family’s financial security in case of premature death, followed by concerns over healthcare costs and child’s education, said study.
57% employees are concerned about lack of comfortable lifestyle post retirement. 54% employees expect that they would have to postpone their retirement beyond the age of 65, the survey stated.
The survey also said that more than 54% employees admitted to spending more time thinking about personal financial issues at work “than they should”.
The study surveyed over 200 employers and 2,000 employees.
Private insurer, PNB MetLife Insurance is betting big on its recently launched health insurance product ‘MetLife Major Illness Premium Back Cover’. Company is hopeful that the product will be a significant contributor to its top-line.
The plan is a non-linked health insurance plan with a term of ten years and a minimum sum assured of Rs.5 lakhs. The minimum entry age for the plan is 18 years. It covers 35 critical illnesses. The unique feature of the plan is that it returns all the premiums if there is no claim during the policy term.
PNB MetLife Insurance is a joint venture between MetLife International Holdings, Punjab National Bank (PNB), Jammu & Kashmir Bank, M Pallonji and company, and other private investors.
PNB MetLife India Insurance Company Ltd.
1st Floor, Techniplex 1,
Off Veer Sawarkar Flyover,
Goregaon West, Mumbai400062
Email : email@example.com
Phone : 9311544447