PNB Metlife India Insurance Company Limited

PNB MetLife India Insurance Co. Ltd. (formerly MetLife India Insurance Company Limited) is a joint venture between MetLife Inc. - the holding corporation for US-based Metropolitan Life Insurance Company (MIHI), or MetLife for short, and its affiliates, two public sector banks - Punjab National Bank Limited (PNB) and Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors. MIHI and PNB have the lion’s stake in the JV.

Incorporated in the year 2001, PNB MetLife provides a complete range of insurance solutions from protection plans to health plans, from child plans to savings plans, etc. to individuals and group customers as well. PNB MetLife has its presence over 150 locations across the country and provides its services via more than 7,000 locations through its bank partnerships with PNB, JKB and Karnataka Bank Limited. PNB MetLife has 10,000 agent advisors and multiple bank partners. The company continues to be constantly profitable and committed to its customers. The latest Claim Settlement Ratio (CSR) of PNB MetLife for FY 2018-19 is 96.21%.