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Insurance
16-Jul-21
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PNB MetLife Insurance announces Rs 532 crore bonus for policyholders in FY21
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PNB MetLife India Insurance Company has announced a bonus of Rs 532 crore for the eligible policyholders of participating products during 2020-21. This bonus is 7% higher than that in previous year.
PNB MetLife said it has been consistently declaring bonus on participating products every year and 4.6 lakh customers, whose policies are in force as of March 31, 2021, will be benefiting from this bonus.
PNB MetLife's strong fund management capabilities coupled with robust risk management practices have enabled the company to reward policyholders with higher bonus payouts, the insurer said in a release on Friday.
Ashish Kumar Srivastava, MD & CEO, PNB MetLife, said despite these trying times, the company has delivered steady growth on participating products over the years.
"The declaration of this Rs 532 crore bonus reinforces our commitment to help our customers reach their financial aspirations through every stage of Life," he said.
PNB MetLife's shareholders include MetLife International Holdings LLC. (MIHL), Punjab National Bank (PNB), Jammu & Kashmir Bank, M Pallonji and Company Pvt Ltd and other private investors. MIHL and PNB are the majority shareholders.
Policyholder bonus is the share of profits generated by the company's participating funds which is paid to the customers at various benefit events.
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PNB Met life announces Rs 768.6 crore bonus to policyholders
(
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20-Jun-23
19:20
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PNB MetLife Insurance announces Rs 532 crore bonus for policyholders in FY21
(
Insurance
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16-Jul-21
17:30
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PNB MetLife Insurance launches PMLI Small Cap Fund in ULIP segment
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07-Sep-22
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PNB MetLife Insurance appoints Vijayalakshmi Natarajan as chief risk & compliance officer
(
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26-Mar-24
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PNB MetLife India Insurance Company standalone net profit rises 702.51% in the March 2024 quarter
(
Results
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22-Jun-24
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PNB MetLife Insurance claim settlement ratio crosses 99% in FY23
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Insurance
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15-Jul-23
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