PNB MetLife Emerges as the Fastest Growing Life Insurance Company with Impressive August 2024 Performance
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Following the recent release of industry data by the Life Insurance Council for August 2024, PNB MetLife proudly announces a standout performance. The company has reported exceptional growth, with individual non-single premiums reaching Rs 293 Crs, reflecting a remarkable increase of 71% compared to the previous year. This growth has been driven by the successful launch of the Bharat Manufacturing Fund, now available with ULIPs, and by the enhanced 20-year fully guaranteed returns on a non-participating product, appealing to customers seeking long-term financial security.
PNB MetLife's strong results also showcase a substantial rise in new business premiums and policy issuances. In line with the broader industry trend, new business premiums grew by 54% to Rs 381 Crs, with policy issuances increasing by 88%. These figures underscore PNB MetLife’s leadership and strategic focus on delivering value to customers.
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