PNB MetLife India Insurance has joined hands with Policybazaar to unveil the PNB MetLife Pension Premier Multicap Fund under its Unit-Linked Insurance Plans (ULIPs).
This collaboration marks a step towards reshaping retirement planning in India by offering innovative and accessible financial solutions. With the introduction of the Pension Premier Multicap Fund, PNB MetLife and Policybazaar aim to cater to the growing demand for structured retirement solutions in India, offering a secure financial future for individuals and their families.
This new fund is designed to help customers to build a robust retirement corpus while providing life insurance coverage, ensuring financial protection for families in unforeseen circumstances.
The Pension Premier Multicap Fund is available with the PNB MetLife Smart Invest Pension Plan (UIN – 117L137V02), which combines wealth creation with life insurance. The fund is open for subscription from 1st April to 15th April, 2025, at an initial Net Asset Value (NAV) of Rs 10. After this period, it will be available at market value.
Key features of the Pension Premier Multicap Fund are as follows:
- Diversified portfolio: The fund invests across various sectors and market capitalisations to ensure balanced growth. It leverages PNB MetLife’s successful multicap investment strategy for consistent wealth generation.
- Market outperformance: It aims to deliver returns exceeding the S&P BSE 500 Index through disciplined portfolio management.
Sanjay Kumar, Chief Investment Officer (CIO), PNB MetLife, emphasised, “With PNB MetLife Pension Premier Multicap, we extend our expertise in multi-cap investments to the ULIP pension space. This fund offers customers a strong opportunity to build wealth through a diversified portfolio.”
He also highlighted the collaboration with Policybazaar as a step towards enhancing digital accessibility for retirement solutions.
Vivek Jain, Chief Business Officer (CBO) – Life Insurance, Policybazaar, noted, “Traditionally reliant on savings or family support, individuals now seek structured financial solutions. By partnering with PNB MetLife, we aim to provide a flexible pension plan that ensures wealth creation and portfolio stability.”
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