PNB MetLife and Policybazaar Team Up for New ULIP Pension Fund

PNB MetLife India Insurance Company has joined hands with Policybazaar to launch the Pension Consumption Fund, a new investment option under its unit-linked insurance plans (ULIPs). Designed to support long-term retirement planning, the fund leverages India’s growing consumption-driven economy to deliver equity-led growth.

PNB MetLife Pension Consumption Fund Details 

The New Fund Offer (NFO) for the Pension Consumption Fund is open from October 16 to October 31, with units priced at an initial ₹10 per unit. Allotment of units will take place on October 31.

The fund will focus on companies poised to benefit from India’s domestic consumption themes, such as rising incomes, urbanisation, and digital transformation. Investors can access it through PNB MetLife’s Smart Invest Pension Plan and Smart Invest Pension Plan Pro.

Strategic Collaboration and Vision

As per the news reports, Sameer Bansal, Managing Director and CEO of PNB MetLife, said the initiative aligns with India’s growth momentum and aims to help individuals “build sustainable long-term wealth for retirement.”

Sarbvir Singh, Joint Group CEO of PB Fintech, which owns Policybazaar, added that the fund offers a disciplined investment approach to ensure financial stability in post-retirement years.

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Conclusion

By combining MetLife Inc.’s global expertise with Punjab National Bank’s strong domestic presence, PNB MetLife continues to strengthen its retirement offerings. The partnership with Policybazaar, one of India’s leading digital insurance marketplaces, is ensuring greater accessibility for customers seeking growth-linked, retirement-focused investment options.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all the related documents carefully before investing.