# PNB MetLife

PNB MetLife is an Insurance based in Bengaluru, India.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Bengaluru, India
- **Region:** Asia
- **Address:** Unit No. 701, 702 and 703, 7th floor, West Wing, Raheja Towers, 26/27 M G Road, Bengaluru, Karnataka 560001, India
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** pnbmetlife.com
- **LinkedIn:** https://linkedin.com/company/pnbmetlife
- **Wikidata:** Q28173200

## Regulatory record

- **Reports private funds:** No

## About

PNB MetLife is a life insurance provider founded in 2001 in Bangalore, India. It offers term insurance, savings plans, retirement plans, and child plans. The company serves customers seeking life insurance coverage and retirement planning solutions.

## Sectors

- Insurance

## Offices

- Mumbai, India

## Questions

### Who are the controlling shareholders of PNB MetLife?

MetLife International Holdings LLC and Punjab National Bank are the joint-venture promoters, with PNB holding approximately 30 percent of the equity and MetLife holding the majority. Jammu & Kashmir Bank and M. Pallonji and Company Private Limited are additional shareholders. The insurer is regulated by the Insurance Regulatory and Development Authority of India, and MetLife consolidated its position by acquiring the Dabriwala family's shares in 2021.

### How does PNB MetLife distribute its products?

The company relies overwhelmingly on bancassurance through Punjab National Bank's branch network — roughly 7,000 locations across India — plus Jammu & Kashmir Bank counters. A proprietary agency channel supplements the bank partnership. This distribution model gives PNB MetLife access to PNB's depositor and borrower base, particularly in semi-urban and rural markets where PNB's public-sector footprint is dense.

### Does PNB MetLife manage its own investment portfolio?

PNB MetLife does not publicly detail an internal asset-management structure; like most Indian life insurers, it outsources fund management for unit-linked products to external asset managers and manages the traditional participating and non-participating portfolios under an investment committee framework subject to IRDAI's exposure norms. The balance sheet is liability-driven, matching policyholder obligations rather than pursuing a proprietary alpha mandate.

### How is PNB MetLife's competitive position relative to other Indian private life insurers?

PNB MetLife ranks as a mid-tier private life insurer in India, trailing the five largest players in individual new-business premium according to IRDAI's annual data for fiscal 2024. Its core advantage is distribution — the exclusive bancassurance relationship with PNB provides a customer-acquisition funnel that pure-play private insurers must replicate through higher agent commissions or advertising spend.

## Related profiles

- [PMG Wealth Management](https://altss.com/profile/pmg-wealth-management)
- [PNC Asset Management](https://altss.com/profile/pnc-asset-management)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/pnb-metlife

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology