Mumbai, PNB MetLife is one of India’s leading life insurance companies, combining the credibility of PNB, one of India’s oldest and leading nationalized banks, with the financial strength of MetLife Inc., a 155-year-old global insurance company. With over two decades of experience in India, PNB MetLife is a trusted brand with a strong presence across India through various distribution channels. PNB MetLife Emerges as Preferred Choice for Customers with Advanced Digital Solutions.
PNB MetLife is revolutionizing the entire customer journey from sales to on-boarding and post-sale service by leveraging a comprehensive digital environment. Under its Circle of Life philosophy, it offers customized products and solutions to serve customers at various stages of life, including retirement, protection, parenthood and long-term savings.
PNB MetLife has been able to speed up all processes by leveraging AI, ML and data analytics capabilities to ensure a seamless experience for stakeholders. Many customers choose to stick with PNB MetLife till the end of their policy term, which shows their trust in the company.
Industry trends and surveys also indicate that customers remain engaged throughout their entire lifecycle and the company has the best surrender rate in the industry. PNB MetLife’s excellent individual claim settlement ratio of 99.06% and 99.70% for individual and group customers respectively for FY 2023 reflects the company’s dedication to support its customers in their hour of need.
PNB MetLife in collaboration with PNB Circle Office organized a “Customer Service Camp” in Ahmedabad Circle for proactive redressal of customer complaints and queries as per its core principle.
According to a recent survey conducted by PNB MetLife and Nielsen on the rising cost of planning children’s education, parents spend an annual Rs. 5.30 lakhs and are willing to compromise their lifestyle to pay these expenses.
The April 2023 study, titled ‘Financial Planning in the Age of Rising Education Cost’, gathered information about parents’ needs, influences and barriers to planning for children’s education. More than half (55 percent) of the parents covered in the survey said that saving for children’s education is their top financial priority, and nearly 30 percent of them have not yet started planning.
The recently launched PNB MetLife Genius Plan which is a non-linked, non-participating, saving, life insurance plan offers timing of pay-out, in-built premium waiver on death, fully guaranteed benefit, high benefits for girls (cash benefit) and Designed to address the above concerns with features like life cover protection.
PNB MetLife continues to outperform peers* in fulfilling clients’ dreams of wealth creation. It has also launched a sustainable equity fund. This new solution which is part of PNB Metlife Goal Ensuring Multiplier Plan,
It has enabled clients to create positive impacts with maximum returns by investing in companies with environmental, social and disciplinary (ESG) principles. With investment trends growing rapidly worldwide, sustainable investing is a meaningful way to create positive impact on society while creating wealth. *Source: Morningstar.