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The Jammu and Kashmir Bank has facilitated the quick settlement of insurance claims under its MetLoan & Life Suraksha (MLLS) product for 48 families in the Srinagar Zone, totaling Rs 1.53 crore. This has provided significant relief to the bereaved families and eased their financial burdens during difficult times. The insurance claims were settled through the bank’s insurance partner, PNB MetLife, and were handed over to the families in the presence of senior officials from the bank and PNB MetLife.

The claimants expressed gratitude to the bank and PNB MetLife for their timely support, stating that the insurance cover has relieved them of a significant financial burden. They emphasized the importance of insuring loans to secure the financial future of families and praised the bank’s commitment to safeguarding customer interests through timely and customer-centric products and services.

Raja Zaffer Khan, Zonal Head of Jammu and Kashmir Bank, highlighted the significance of insuring loans to reduce the financial burden on families during challenging times. He emphasized the bank’s commitment to settling claims swiftly and encouraged branches to ensure that every claim is settled promptly in case of the borrower’s death. Cluster Heads, Shabir Ahmad Bulla and Asmat Ara, also stressed the importance of insuring loans, stating that it can reduce the financial burden on families during difficult times.

Irfan Ali Zargar, Associate Director and Head of PNB MetLife, advocated for customers to consider loan insurance for their peace of mind. He noted that while insurance cannot compensate for emotional loss, it can provide much-needed financial support to bereaved families, relieving them of the burden of liabilities in unforeseen circumstances. The event was attended by senior officials from the bank and PNB MetLife, including Regional Manager Mudasir Hassan Khanyari and Area Manager Zubair Ahmad Dar. Overall, the settlement of insurance claims has brought relief to the affected families and highlights the importance of insurance in securing the financial future of families.

The J&K Bank, in an effort to provide financial relief to families who have lost a loved one, has facilitated the swift settlement of MetLoan & Life Suraksha (MLLS) insurance claims for its deceased borrowers across various branches in the Delhi zone. The Bank has successfully disbursed a total amount of Rs 39 lakh to ten families, alleviating their financial distress.

A ceremony was held to mark the occasion, with representatives from the Bank and PNB MetLife, the insurance partner, presenting symbolic cheques to the beneficiaries. The beneficiaries expressed their gratitude to the Bank and PNB MetLife for their prompt assistance, stating that the support has lifted a significant financial burden from their shoulders.

J&K Bank’s General Manager and Divisional Head (Rest of India), Rajesh Gupta, emphasized the importance of insuring loans for financial security, stating that it is the Bank’s responsibility to encourage customers to secure their borrowings under MLLS, ensuring that their loved ones are not left with financial liabilities in unforeseen circumstances. AGM (Cross Selling) Dorjey Angchuk highlighted the benefits of MLLS, noting that it provides a single premium option with bank funding, which safeguards the borrowers’ families in terms of their financial stability.

Associate Director and Head of PNB MetLife, Irfan Ali Zargar, reaffirmed J&K Bank’s commitment to customer welfare, stating that while the loss of a loved one can never be replaced, ensuring financial protection through insurance can provide much-needed support to families during difficult times. The successful settlement of MLLS claims is a testament to the Bank’s efforts to provide financial relief to its customers in times of need.

Jammu and Kashmir Bank has provided financial relief to 10 families in the Delhi zone by settling MetLoan and Life Suraksha (MLLS) insurance claims for deceased borrowers. The claims amount to Rs. 39 lakhs, which has eased financial distress for the families. In a ceremony, the bank’s General Manager and Head of Division, Rajesh Gupta, and Associate Director and Head of PNB MetLife, Irfan Ali Zargar, jointly displayed the symbolic cheque representing the disbursed amount.

The beneficiaries expressed their gratitude to the bank and PNB MetLife for their prompt assistance, stating that the support has lifted a huge financial burden from their shoulders. Speaking on the occasion, Rajesh Gupta emphasized the importance of insuring loans for financial security, saying that it is the bank’s responsibility to encourage customers to secure their borrowings under MLLS, ensuring that their loved ones are not left with financial liabilities in unforeseen circumstances.

Dorjey Angchuk, AGM (Cross Selling), highlighted the benefits of MLLS, saying that it provides single premium options with bank funding, safeguarding borrowers’ families financially. Irfan Ali Zargar, Associate Director and Head of PNB MetLife, emphasized the crucial role of loan insurance, saying that while it cannot replace emotional loss, it can provide much-needed support to families during difficult times.

The bank’s commitment to customer welfare was reaffirmed, with Jammu and Kashmir Bank acknowledging the importance of loan insurance in providing financial protection to families during difficult times. The ceremony was attended by officials from Jammu and Kashmir Bank, PNB MetLife, and the beneficiaries themselves.

India Post Payments Bank (IPPB) and PNB MetLife India Insurance Company Limited have formed a strategic bancassurance partnership to provide life insurance solutions to millions of customers across the country. The collaboration aims to expand access to life insurance, particularly in underserved rural areas. Under this partnership, PNB MetLife’s life insurance products will be distributed through IPPB’s vast network of 650 banking outlets and 11 crore customers. This initiative seeks to make life insurance more accessible and increase financial penetration.

The partnership is expected to empower individuals and families by enhancing financial security and providing protection against unforeseen circumstances. It aligns with the broader objective of promoting financial inclusion and increasing awareness about the benefits of life insurance. The move is a significant step towards achieving the government’s vision of a financially secure India, ensuring that more individuals have access to critical insurance products.

The joint initiative is not just about selling insurance policies but also about creating awareness and building trust among individuals who have traditionally remained outside the insurance sector. PNB MetLife and IPPB will work together to educate families about the importance of life insurance, aiming to increase adoption and boost financial literacy.

The partnership represents a strategic alignment of the banking and insurance sectors to achieve financial inclusion goals. By leveraging the nationwide postal network, this initiative has the potential to bridge the insurance gap in rural and semi-urban areas, where penetration remains low. With growing awareness and regulatory support, such partnerships could significantly contribute to increasing India’s insurance penetration, which remains below the global average.

PNB MetLife India Insurance Company Limited has launched a new campaign, “Aapka aage ka plan kya hai”, aiming to encourage individuals to take charge of their retirement planning with confidence. The campaign emphasizes the importance of early financial planning to enjoy a comfortable retirement. The tagline “Aapka aage ka plan kya hai?” (What’s your next plan?) is a call to action, encouraging people to reflect on their aspirations and take proactive steps to secure their golden years.

The campaign, which covers various media platforms, including TV, print, outdoor, digital, Meta, YouTube, and radio, is centered around the Grand Assured Income Plan (GAIN), an insurance solution that provides a guaranteed annuity rate for a lifetime, ensuring financial security and peace of mind during retirement. Sourabh Lohtia, Chief Marketing & Communications Officer, PNB MetLife, believes that retirement should be a time of fulfillment, not financial worry.

The campaign features a digital film showcasing two friends reflecting on life after retirement, with one friend sharing his dreams of owning an apple orchard and starting a jam business. The film highlights how the PNB MetLife Grand Assured Income Plan can help secure these aspirations. The campaign also includes an interactive 3D immersive experience, allowing users to unlock a visual storytelling journey that emphasizes the importance of financial planning.

PNB MetLife is a leading life insurance company in India, combining the financial strength of MetLife, Inc. with the credibility of PNB, one of India’s oldest nationalized banks. The company offers a range of insurance solutions, including child education, family protection, long-term saving, and retirement products, through its sales channel of over 28,000 financial advisors and multiple bank partners.

The Securities and Exchange Board of India (Sebi) has uncovered a massive front-running scheme that involved Sachin Bakul Dagli, an equity dealer at PNB MetLife India Insurance Company, and eight other entities. The scheme resulted in unlawful gains of Rs 21.16 crore (approximately $27.3 million USD). The front-running activity continued for over three years, from January 2021 to July 2024.

Sebi’s investigation found that Dagli and his brother Tejas accessed confidential information about impending trade orders of PNB MetLife and its institutional clients. They used this information to make trading decisions and shared it with other entities, including Sandeep Shambharkar, who executed front-running trades through the accounts of three companies: Dhanmata Realty Pvt Ltd, Worthy Distributors Pvt Ltd, and Pragnesh Sanghvi.

The investigation found that the group colluded to create and execute a fraudulent front-running scheme, violating Sebi’s Act and Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulations. The trades were executed using non-public information shared via chat platforms, with a buy-buy-sell or sell-sell-buy trading pattern used to profit from market movements caused by large client trades.

Sebi observed 6,766 instances of front-running trades in the accounts of the three companies and calculated that the entities made unlawful gains of Rs 21.15 crore. The front-running activity continued for over three years, and Sebi has restrained the entities from buying, selling, or dealing in securities until further notice. The regulator has also impounded the unlawful gains of Rs 21.15 crore from the nine entities.

PNB MetLife India Insurance Company has launched a new campaign, “Aapka Aage Ka Plan Kya Hai?” (What’s Your Plan Next?), to encourage individuals to take charge of their retirement planning with confidence. The campaign is centered around the Grand Assured Income Plan (GAIN), an insurance solution that provides a guaranteed annuity rate for life, ensuring financial security and peace of mind in retirement. The campaign is being promoted through various media channels, including TV, print, outdoor, digital, Meta, YouTube, and radio.

The campaign’s digital film features a conversation between two friends reflecting on life after retirement, with one friend painting a vivid picture of their retirement dreams, including owning an apple orchard and starting a jam business. The film also features PNB MetLife’s brand ambassador, cricketer Smriti Mandhana, emphasizing the importance of securing retirement aspirations with the PNB MetLife GAIN, which offers flexibility to choose from five annuity options.

The campaign also features an interactive 3D immersive experience through a QR code on print, TV, OTT, and digital ads, allowing users to unlock a visual storytelling journey that reinforces the importance of financial planning. The campaign aims to encourage individuals to take retirement planning seriously and make informed decisions about their financial future. By asking “What’s Your Plan Next?”, the campaign encourages individuals to take control of their retirement planning and make it a reality.

Overall, the campaign’s engaging storytelling, coupled with its simplicity and digital-first execution, gives it a good chance of resonating with India’s diverse economic and cultural landscape. The campaign effectively conveys the importance of financial independence and emphasizes the need to plan for retirement early, making it a valuable contribution to the insurance and financial services industry.

The Securities and Exchange Board of India (SEBI) has issued an interim order banning Sachin Bakul Dagli, an equity dealer with PNB MetLife, and eight other entities from the securities market due to their involvement in a front-running scheme. The scheme, which was operational for over three years, generated illegal gains of ₹21.16 crore by misusing non-public trade information.

The scheme involved the sharing of confidential trade details between Sachin Dagli, his brother Tejas Dagli, and Sandeep Shambharkar, and the execution of fraudulent trades through the accounts of three companies – Dhanmata Realty Pvt Ltd, Worthy Distributors Pvt Ltd, and Pragnesh Sanghvi. The directors of these companies, including Arpan Kirtikumar Shah, Kabita Saha, and Jignesh Nikulbhai Dabhi, were also complicit in enabling the scheme.

SEBI’s investigation found that the entities involved executed 6,766 trades using a buy-buy-sell or sell-sell-buy pattern to exploit market movements caused by large client trades. The agency has imposed a ban on the entities and impounded the illegal profits of ₹21.16 crore.

PNB MetLife, in its statement, emphasized its cooperation with SEBI during the investigation and stated that disciplinary action had been taken against the individuals involved. The company reiterated its commitment to corporate governance, transparency, and integrity. The investigation covered the period from January 2021 to July 2024 and was conducted under SEBI’s PFUTP regulations and the SEBI Act.

Amandeep Arora has joined PNB MetLife India Insurance as the head of communications and corporate social responsibility (CSR). Prior to this new role, Arora was the director of communications, SEO, and content marketing at EnKash. She announced her new position on LinkedIn, excited to take on this new challenge.

With over 17 years of experience in planning and directing public outreach campaigns, Arora has a proven track record of promoting corporate reputation. Throughout her career, she has worked with several notable organizations, including MobiKwik, Policybazaar.com, Ketchum, Hill+Knowlton Strategies, and Adfactors PR.

As the head of communications and CSR at PNB MetLife India Insurance, Arora will be responsible for developing and implementing strategic communications plans to promote the company’s brand and reputation. Additionally, she will focus on corporate social responsibility initiatives, leveraging her experience in CSR to drive positive social impact.

Arora’s extensive experience in the field of communications and CSR will be a valuable asset to PNB MetLife India Insurance as they continue to grow and expand their reach. Her impressive background and skills will undoubtedly enhance the company’s reputation and commitment to social responsibility.

Arora’s appointment as the head of communications and CSR at PNB MetLife India Insurance is a significant move, and her unique blend of experience and expertise will undoubtedly make a positive impact on the company’s reputation and social initiatives. Her announcement on LinkedIn has generated excitement and anticipation, with many professionals in the industry looking forward to seeing the impact she will have in her new role.

Saraswat Co-operative Bank, India’s largest urban co-operative bank, has formed a partnership with PNB MetLife India Insurance Company Limited to promote financial inclusion through life insurance solutions. The collaboration will offer a range of insurance products, including savings, protection, retirement, and group plans, to Saraswat Bank’s 30 lakh customers across its 302 branches nationwide. Through this partnership, PNB MetLife aims to bridge the insurance gap in India by leveraging the bank’s wide network and reaching customers through multiple channels. According to reports, Saraswat Bank’s Managing Director and Chief Executive Officer, Arti Patil, highlighted the partnership’s potential to enhance customer services, while PNB MetLife’s Managing Director and Chief Executive Officer, Sameer Bansal, emphasized the importance of reaching a wider audience to increase insurance penetration in the country.

The partnership brings together Saraswat Bank’s extensive customer base and PNB Metlife’s insurance expertise to provide a range of products that cater to different customer needs. With this collaboration, customers can access a variety of insurance solutions, including savings, protection, retirement, and group plans, alongside their banking services. By leveraging each other’s strengths, the partnership aims to promote financial inclusion, increase insurance penetration, and provide customers with a comprehensive range of financial products and services.

The Jammu and Kashmir Bank (J&K Bank) has made a significant move to provide relief to families who have lost a loved one. The bank has facilitated the quick settlement of insurance claims under its MetLife Suraksha (MLLS) product, payment of which was made to 48 families, totalling Rs 1.53 crores. This has eased the financial burden on these families during difficult times.

The bank’s Zonal Head, Raja Zaffer Khan, and Associate Director and Head of PNB MetLife, Irfan Ali Zargar, jointly displayed the symbolic cheque representing the disbursed amount. The event was attended by various officials, including branch heads, cluster heads, and senior representatives from PNB MetLife.

The claimants expressed their gratitude to the bank and PNB MetLife for their timely support, stating that their prompt action has relieved them of a significant financial burden. Zonal Head Raja Zaffer Khan emphasized the importance of insuring loans to secure the financial future of families, while Cluster Heads urged branches to ensure swift settlement of claims in the event of a borrower’s death.

Associate Director and Head of PNB MetLife, Irfan Ali Zargar, advised customers to consider loan insurance for their peace of mind, stating that while it cannot compensate for emotional loss, it can provide financial support to bereaved families and relieve them of financial liabilities. The bank’s MLLS product offers a single premium option and bank funding, making it an attractive option for reducing the financial burden on families in difficult times. Overall, the bank’s efforts have brought relief to numerous families, and its initiatives are set to continue, making it a trusted partner for families in need.

PNB MetLife India Insurance Company has launched a new campaign, “Aapka aage ka plan kya hai?”, to encourage individuals to take charge of their retirement planning and ensure a financially secure future. The campaign emphasizes the importance of early financial planning to enjoy a fulfilling retirement with independence and dignity. The campaign, which spans TV, print, outdoor, digital, and social media platforms, is centered around the Grand Assured Income Plan (GAIN), an insurance solution that provides a guaranteed annuity rate for a lifetime, ensuring financial security and peace of mind in retirement.

The campaign’s digital film features a conversation between two friends reflecting on their lives after retirement, highlighting the importance of planning for the future. PNB MetLife brand ambassador Smriti Mandhana emphasizes how the Grand Assured Income Plan can help achieve financial security in retirement, with five annuity options to choose from. The campaign also includes a 3D immersive experience through a QR code, allowing users to visualize the importance of financial planning.

According to Sourabh Lohtia, Chief Marketing and Communications Officer, PNB MetLife, “Retirement should be a time of fulfillment, not financial worry. We’re here to help our customers plan for what’s next, from travel and new experiences to a financially secure retirement.” The campaign aims to inspire individuals to take a proactive approach to retirement planning, ensuring a bright and fulfilling future. By asking “Aapka aage ka kya plan hai?”, the campaign encourages people to reflect on their aspirations and take concrete steps to secure their golden years.

PNB MetLife India Insurance Company has launched a new campaign, “Aapka Aage Ka Plan Kya Hai?”, to encourage individuals to take charge of their financial futures and plan for a secure, independent retirement. The campaign focuses on the importance of early retirement planning and inspiring Indians to reflect on their future and make proactive financial decisions. At the heart of the campaign is the Grand Assured Income Plan (GAIN), a retirement solution offering customers guaranteed annuity rates for life, providing financial security and peace of mind.

The campaign’s core message is promoted through various platforms, including TV, print, outdoor, digital, Meta, YouTube, and radio, with the question “Aapka Aage Ka Plan Hai?” encouraging people to think about their long-term aspirations and take actionable steps to secure their golden years. The Grand Assured Income Plan’s promise is to ensure individuals can enjoy a financially independent retirement without worrying about future uncertainties.

The campaign’s digital film features a conversation between two friends discussing life after retirement, highlighting the importance of financial planning for a secure and fulfilling future. PNB MetLife brand ambassador Smriti Mandhana promotes the plan’s benefits, which guarantee income for life and offer flexibility to choose from five annuity options.

To further engage customers, the campaign includes a 3D immersive experience accessible via a QR code, allowing users to unlock a visual storytelling journey that emphasizes the importance of planning for a secure and fulfilling future. The campaign aims to inspire individuals to take control of their financial futures and secure their retirement, rather than leaving it to chance.

PNB MetLife India Insurance Company Limited has launched a new campaign, “Aapka Aage Ka Plan Kya Hai?”, featuring Royal Challengers Bengaluru (RCB) captain Smriti Mandhana. The initiative aims to encourage people to take control of their financial futures and plan for a safe and independent retirement. The campaign urges Indians to think about their future and make proactive financial decisions to ensure a pleasant life after retirement.

The centerpiece of the campaign is the Grand Assured Income Plan (GAIN), a retirement plan that provides customers with assured annuity rates for life, ensuring financial security and peace of mind in their older years. The plan guarantees that individuals can have a financially secure retirement without fear of future uncertainty.

The campaign also includes a digital film that showcases the concept of planning for the future. The film depicts a conversation between two friends discussing their retirement plans, with one friend expressing his desire to own an apple orchard in Himachal Pradesh, employ locals, and export homemade jam worldwide. Smriti Mandhana, the brand ambassador, explains how the PNB MetLife Grand Assured Income Plan can help people achieve their goals by providing income for life and allowing them to choose from five annuity options.

To increase engagement, the campaign includes a unique 3D immersive experience accessible through a QR code included in print, TV, OTT, and digital commercials. Users can take a visual storytelling journey that emphasizes the importance of financial planning for a secure and rewarding future.

The campaign aims to encourage individuals to think about their long-term goals and take actionable steps to ensure a pleasant and fulfilling retirement. As Sourabh Lohtia, Chief Marketing & Communications Officer, PNB MetLife, said, “Retirement should be a time of fulfillment and not financial worry. We understand our customers’ aspirations, and ‘Aapka Aage Ka Kya Plan Hai?’ is their call to action. We’re here to help them plan for what’s next, from travel and new experiences to a financially secure retirement.”