PNB MetLife Emerges as the Fastest Growing Life Insurance Company with Impressive August 2024 Performance
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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