PNB MetLife India Insurance Company Limited has partnered with Policybazaar to introduce a new initiative focused on retirement planning for Indian customers. The collaboration has resulted in the launch of the Pension Consumption Fund under PNB MetLife’s Unit-Linked Insurance Plans (ULIPs). This fund aims to provide a solution for individuals seeking financial independence in their later years by generating long-term capital growth through investments in companies that benefit from India’s expanding domestic consumption.
The Pension Consumption Fund will be available for investment during a dedicated New Fund Offer (NFO) period from October 16th to 31st, 2025, with units priced at INR 10. The fund adopts an active management approach, targeting investment themes such as rising incomes, urbanization, and increased digital adoption. These themes align with India’s broader economic trends, presenting significant opportunities for capital appreciation.
The fund can be accessed through two ULIP products: PNB MetLife Smart Invest Pension Plan and PNB MetLife Smart Invest Pension Plan Pro. Sameer Bansal, MD and CEO of PNB MetLife, stated that the Pension Consumption Fund is designed to help customers build long-term wealth by investing in India’s growth story and harnessing equity-led opportunities. Sarbvir Singh, Joint Group CEO of PB Fintech, emphasized the importance of strategic investment in retirement planning, noting that the Pension Consumption Fund captures India’s vibrant consumption potential.
PNB MetLife has a strong presence in India, operating 172 branches and reaching customers in over 20,000 locations through bank partnerships. The company’s product portfolio covers various needs, including child education, family protection, long-term savings, and retirement. The collaboration with Policybazaar leverages the digital platform to enhance accessibility, making it easier for Indian customers to participate in the new fund.
The initiative is positioned to serve a wide demographic, reflecting PNB MetLife’s engagement with over 585 group relationships in the country. PNB MetLife is backed by the financial strength of MetLife, Inc. and the credibility of Punjab National Bank, one of India’s oldest nationalized banks. The company’s strategy centers on customer-centric solutions and employee empowerment, and it continues to pursue initiatives that support financial planning for diverse needs across India.