PNB MetLife India Insurance Company Limited
 | |
| Joint venture | |
| ISIN | 🆔 |
| Industry | Financial services |
| Founded 📆 | 2001 |
| Founder 👔 | |
| Headquarters 🏙️ | Mumbai, India |
Area served 🗺️ | India |
Key people | Sameer Bansal (MD & CEO) |
| Products 📟 | |
| Members | |
Number of employees | 21,000+ |
| Parent | Punjab National Bank MetLife |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
PNB MetLife India Insurance Company Limited (PNB MetLife), established in 2001, is one of the leading life insurance companies in India. PNB MetLife's shareholders include MetLife International Holdings LLC (MIHL), Punjab National Bank (PNB), Jammu & Kashmir Bank Limited (JKB), and M. Pallonji and Company Private Limited, as well as other private investors. MIHL and PNB are the majority shareholders in the company. The company serves customers in over 7000 locations, providing a range of health, life, and retirement insurance products.[1]
History
PNB MetLife was initially launched as MetLife India Insurance Company Limited in 2001. In 2011, PNB acquired a 30% stake in MetLife India Insurance. On 7 December 2012, PNB and MetLife India approached the Competition Commission of India (CCI). In January 2013, PNB received full approval to purchase a 30% stake in MetLife India Insurance. This new private sector life insurer was re-branded as PNB MetLife India Ltd.[2]
References
- ↑ "About PNB MetLife". pnbmetlife. Retrieved 7 November 2016.
- ↑ "Punjab National Bank acquires 30% stake in MetLife, company to be re-branded". The Indian Express. Retrieved 1 September 2016.
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