About PNB MetLife

1. Submitted To:
Romita Ma’am
Submitted By:
Chirag Saxena
MBA(General)

2. • PNB MetLife India Insurance Company Limited (PNB
MetLife) is one of the leading life insurance
companies in India.
• Its shareholders are MetLife International Holdings
LLC (MIHL), Punjab National Bank (PNB), M. Pallonji
and Company Private Limited, Jammu & Kashmir
Bank Limited (JKB) and other investors with MIHL
and PNB being the promoters of the Company. PNB
MetLife has been present in India since 2001.

3. • 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 nationalized 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 117 locations across the
country with access to over 206 million customers in
15,000 locations through its strong bank
partnerships with PNB, JKB, KBL and other bank
partners.

4. • PNB MetLife follows ‘Circle of Life’ philosophy for
products and solutions and caters to financial
requirements of customers covering their 4 different
stage of life- Child Education, Family Protection, Long
Term Saving and Retirement.
• PNB MetLife wide range of protection and retirement
products through its Agency sales of over 9,200
financial advisors and multiple bank partners and
provides access to Employee Benefit plans for over
700+ corporate clients in India. The company
continues to be consistently profitable since FY 2011.

5. • MD & CEO - Ashish Kumar Srivastava
Established in India - 2001
Regional Headquarters - Hong Kong
Employees - 16,000+*
Offices - 117 locations
Products - Life Insurance solutions for Child
Education, Family Protection, Long Term Saving and
Retirement. Benefit Programs.

6. • Objective – To know strength and strategies of PNB
Met Life
• PNB Metlife is a joint venture between Punjab
National Bank and Met Life Insurance Company which
is 152 years old.
• Maximum limit for foreign insurance companies to be
partner in INDIA is 49%.
• Met Life is serving top 90 companies of list of 500
fortune companies operating in 40 other countries.

7. • PNB is the first and oldest bank opened by an INDIAN i.e
Lala Lajput Rai.
• After merger with Oriental Bank of Commerce (OBC) and
United Bank , PNB became second largest bank in India
after SBI.
• After Birth Life Insurance Products are ready to be
consumed straight away.
• Life Insurance products are customised as per requirement
of the customer.
• Stake Holders In PNB Met Life Insurance Company PNB –
30% ; Met life – 32.05% ; J&KB – 4% etc.
• IRDA gives license to companies to operate and sell their
products.

8. • 24 private players along with LIC operates today giving
insurance services in INDIA.
• Partnership between PNB & Met Life was established in
2013.
• Target of 1 million policies obtained in 2016.
• Their total premium crossed 5590 cr in 2019.
• Types of Distribution Channels –
1 – BANCASSURANCE – In this type of distribution channel
Bank’s customer base is used. Eg – PNB , J&KB etc
2 – Agency – In this type of distribution channel distribution
manager is there. Eg – LIC
3 – Employee Benefit – In this companies provide insurance
cover to its employees

9. 4 – Propriety Sales force
5 – Defence Channel
• Corporate agency partners are PNB, Karnataka Bank J&K
Bank etc.
• PNB Met Life Insurance Company Ltd. Holds 9th rank in top
10 list of Insurance companies.
• PNB Met Life is using 2nd largest Bancassurance platform.
• PNB Met Life has 99.65% of claim settlement and customer
satisfaction.
• Profit of 1 cr in 2008 for PNB Met Life.
• Insurance is important as today only 2.7% approx. of total
India is only insured.

10. • Sales – Relationship Manager etc.
• HR – HRBP, Talent Acquisition etc.
• Operations & Services.
• Marketing.
• Ethics & Compliance Team.
• Acctuory & Underwriting Team.

11. Insurance plans are beneficial to anyone looking to
protect their family, assets/property and
themselves from financial risk/losses.
Insurance plans will help you pay for medical
emergencies, hospitalisation, contraction of any
illnesses and treatment and medical care required in
the future.