MyInsuranceClub
menu

PNB approves MetLife India for partnership

Punjab National Bank (PNB) said that its board has approved MetLife India Insurance Company for strategic partnership in the insurance business. MetLife India Insurance

eye icon
73 views/
clock icon
1 min 30 secs
calendar icon
Last Updated - May 24, 2023
article image
Listen to this article
audio icon

Punjab National Bank (PNB) said that its board has approved MetLife India Insurance Company for strategic partnership in the insurance business.

MetLife India Insurance Company  was incorporated as a joint venture between MetLife International Holdings, Inc., The Jammu and Kashmir Bank, M. Pallonji and Co. Private Limited and other private investors.

In January, state-run lender PNB, had invited expression of interest (EOI) from Indian and foreign companies for a new venture. The board has also approved MetLife India Insurance for corporate agency distribution arrangement.

Also read Bharti AXA, MetLife and Aviva competing for life insurance venture with PNB

author image
Author

MIC Newsdesk is a dedicated department of MyInsuranceClub that specializes in producing insurance-related content. The team comprise of expert writers is well-versed in the insurance industry and creates high-quality, informative, and engaging content.