New Delhi, 17 October 2025: PNB MetLife India Insurance Company Limited (PNB MetLife), in collaboration with Policybazaar, has announced the launch of the Pension Consumption Fund under its Unit-Linked Insurance Plans (ULIPs).

The fund will be available at an initial unit price of INR 10 during the New Fund Offer (NFO) period. The NFO will run from 16^th October to 31^st October 2025. The units will be allotted on 31^st October 2025.

With people living longer and traditional savings options evolving, planning for retirement has never been more important for long-term financial security. The Pension Consumption Fund is designed to help customers achieve financial independence in their golden years.

The fund focuses on the companies that benefit from India’s growing domestic consumption. It is designed to provide long-term capital growth through active and research-driven management. It invests in themes like rising incomes, urbanization, and digital adoption. Customers can invest in the Pension Consumption Fund through PNB MetLife ULIPs – PNB MetLife Smart Invest Pension Plan (UIN: 117L137V04) and PNB MetLife Smart Invest Pension Plan Pro (UIN: 117L138V03).

Sameer Bansal, MD & CEO, PNB MetLife, said, “Planning for retirement is one of the most important financial decisions our customers make. The Pension Consumption Fund is designed to help them build long-term wealth by investing in India’s growth story and harnessing equity-led opportunities. Through our collaboration with Policybazaar, we aim to make smart retirement investing simple, accessible, and rewarding for everyone."

Sarbvir Singh, Joint Group CEO, PB Fintech, said, “Retirement planning today is about strategic investment to sustain one’s lifestyle over time. The Pension Consumption Fund captures India’s vibrant consumption potential, helping investors grow their retirement corpus through a disciplined, long-term approach. We are delighted to partner once again with PNB MetLife to make such solutions more accessible digitally.”

About PNB MetLife India Insurance Company Limited:

PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India that combines the financial strength of MetLife, Inc. with the credibility of PNB, one of the India's oldest nationalized banks. PNB MetLife’s positioning, Milkar Life Aage Badhaein, is demonstrated through its customer-centric innovations and employee empowerment practices.

With a strong presence in 155 branches and access to customers in over 19,000 locations (as of November 30, 2024) through bank partnerships, PNB MetLife offers a comprehensive product portfolio covering Child Education, Family Protection, Long-Term Saving and Retirement. The Company has a wide range of protection and retirement products available through its sales channel of over 28,000 financial advisors and multiple bank partners and caters to over 521 group relationships in India.

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visit https://www.pnbmetlife.com/

About Policybazaar:

As India’s largest insurance broker, Policybazaar is committed to making insurance accessible and understandable for every Indian. Since 2008, we have been at the forefront of transforming the insurance sector by providing transparent, efficient, and unbiased solutions tailored to the diverse needs of over 80.5 million registered users.

With a dominant market share of over 93% in the digital insurance aggregator space and annual premium collection exceeding ₹15,000 crore in FY24, we have established ourselves as a trusted name in insurance and financial protection. Our platform facilitates millions of insurance inquiries annually and features a wide range of products from over 50 insurance partners, covering health, life, motor, and corporate insurance solutions.

To date, we have issued over 44.3 million policies and played a crucial role in protecting 9 million families against death, disease, and disability. Our 24x7 online support, combined with on-ground assistance from over 6,000 insurance advisors, ensures a seamless experience for our customers.

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