PNB MetLife India Insurance has announced a record bonus of ₹1,041.45 crore for the financial year 2024-25. This substantial bonus, the highest ever declared by the company, will benefit over 5.68 lakh eligible participating policyholders. The announcement marks a significant milestone for PNB MetLife, demonstrating its financial strength and commitment to rewarding its customers.

The declared bonus represents a 12% increase compared to the ₹930 crore bonus distributed in the previous financial year. This consistent growth in bonus payouts reflects PNB MetLife's robust financial performance and effective investment strategies. The company has consistently declared bonuses for 22 consecutive years, showcasing its long-term dedication to delivering value to its policyholders.

Sameer Bansal, MD and CEO of PNB MetLife, highlighted that this record bonus underscores the company's disciplined investment approach, robust risk management, and effective asset allocation strategies. These factors have collectively contributed to the company's strong financial standing and its ability to share its success with its participating policyholders.

The bonus amount will be distributed to policyholders as per the terms and conditions of their respective policies. Eligible policyholders can expect the bonus to be added to their policy benefits, enhancing the overall value of their investment. This bonus payout can significantly contribute to policyholders' long-term financial goals, whether it's for retirement planning, children's education, or wealth accumulation.

PNB MetLife offers a variety of life insurance plans, including term plans, savings plans, and pension plans, designed to meet the diverse needs of its customers. The company emphasizes transparency and customer-centricity, aiming to provide hassle-free and uncomplicated insurance solutions. PNB MetLife boasts a high claim settlement rate, demonstrating its commitment to providing financial security to its customers and their families. For the financial year 2023-24, the company settled 99.20% of claims received for individual business and 99.53% for group business.

PNB MetLife is a joint venture between Punjab National Bank, one of India's oldest and most trusted nationalized banks, and MetLife, Inc., a global leader in life insurance. This partnership combines the strength and reliability of a well-established Indian bank with the global expertise of a leading international insurer.