Insurance 20-Jun-23
PNB Met life announces Rs 768.6 crore bonus to policyholders
PNB Met life insurance on Tuesday announced Rs 768.6 crore in annual bonus to policyholders for fiscal 2023. This is the highest payout by the insurer till date.
PNB Met life said the dividend for the year is 29 percent higher than what it had paid out in FY22 and will benefit 5.52 lakh participating policyholders.
The company has a good track record of paying bonuses to policyholders of participating products over the past 19 years.
Its managing director and chief executive Ashish Kumar Srivastava said, “the Rs 768.6 crore bonus is the highest we have given out till date, and shows our sound investment strategies and efficient risk management practices.”
PNB MetLife is a joint venture between state-run Punjab National Bank, Metlife International Holdings, M Pallonji & Company, Jammu & Kashmir Bank, and other private investors, with the bank Metlife being the majority shareholder.
Previous News
PNB MetLife Insurance appoints Vijayalakshmi Natarajan as chief risk & compliance officer
( Insurance - 26-Mar-24 18:00 )
PNB MetLife India Insurance Company standalone net profit rises 294.07% in the March 2023 quarter
( Results - Announcements 08-May-23 07:34 )
PNB MetLife India Insurance Company standalone net profit rises 114.23% in the June 2023 quarter
( Results - Announcements 24-Jul-23 07:36 )
PNB MetLife Insurance launches its new ulip product ' PNB MetLife Goal Ensuring Multiplier'
( Insurance - 07-Sep-22 10:50 )
PNB Met life announces Rs 768.6 crore bonus to policyholders
( Insurance - 20-Jun-23 19:20 )
PNB MetLife has announced a bonus of Rs 594 crore to policyholders for FY22.
( Insurance - 14-Jul-22 22:25 )
PNB MetLife India Insurance Company standalone net profit declines 23.71% in the December 2023 quarter
( Results - Announcements 29-Jan-24 12:33 )
PNB MetLife Insurance appoints Sameer Bansal as new MD & CEO
( Insurance - 06-Jun-24 14:42 )
PNB MetLife India Insurance Company Limited: [ICRA]AA+(Stable) assigned to subordinated programme
( Press Releases - 17-Dec-21 09:56 )
PNB MetLife India Insurance Company standalone net profit rises 702.51% in the March 2024 quarter
( Results - Announcements 22-Jun-24 07:34 )
PNB MetLife Insurance announces Rs 532 crore bonus for policyholders in FY21
( Insurance - 16-Jul-21 17:30 )
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