PNB MetLife India Insurance Company Limited (PNB MetLife) has announced a bonus of Rs 532 crores for all eligible policyholders of participating products. PNB MetLife has been consistently declaring bonuses on participating products every year. This year's bonus amount exceeds the previous year's bonus by 7 per cent. 4.6 lakh customers, whose policies are in effect as of March 31, 2021, will be benefitting from this bonus amount.
Policyholder bonus is the share of profits generated by the company's participating funds which are paid to the customers at various benefit events. PNB MetLife's strong fund management capabilities coupled with robust risk management practices have enabled the company to reward policyholders with higher bonus pay-outs. Significant peer fund and benchmark index outperformance across key categories in a competitive market, make PMLI a preferred choice for our policyholders, in their journey for long-term wealth creation.
Ashish Kumar Srivastava, MD & CEO, PNB MetLife, said, "We believe in our purpose to help customers build a more confident future. Even in these unpredictable times, our focus remains firmly on the well-being of our customers. We are proud of our prudent management practices, despite these trying times we have delivered steady growth on our participating products over the years. The declaration of this Rs 532 crore bonus reinforces our commitment to helping our customers reach their financial aspirations through every stage of life.”
PNB MetLife follows the 'Circle of Life' approach, which offers solutions for different life stages – Child Education, Family Protection, Long Term Savings, and Retirement benefits. Participating life insurance plans offer customers an opportunity for wealth accumulation through dividend distribution, as well as guaranteed life protection. This year PNB MetLife has launched - PNB MetLife Century Plan, a participating life insurance plan that provides you an opportunity to fulfill your dreams, secure your future with an income till age 100 years along with a lifelong cover.
