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PNB MetLife announces Rs 594 cr bonus for 4.95 lakh participating policyholders PNB MetLife
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PNB MetLife announces Rs 594 cr bonus for 4.95 lakh participating policyholders

India Blooms News Service | @indiablooms | 14 Jul 2022, 06:28 pm

Kolkata: PNB MetLife India Insurance Company Limited (PNB MetLife) has announced a bonus of Rs 594 crore for all eligible policyholders of participating products for FY22.

The insurance company has been consistently declaring bonuses on participating products every year, and the bonus amount for FY22 is 12 percent higher than that of FY21, the unsurer said Thursday.

This bonus sum will benefit 4.95 lakh customers whose policies were in force as of March 31, 2022, it added.

Ashish Kumar Srivastava, MD & CEO, PNB MetLife, said, “Though the pandemic outbreak led to market volatility, we at PNB MetLife have been able to deliver consistent returns to our policyholders as a result of our prudent management practices.

"We are happy to announce that our annual bonus in FY22 is INR 594 crore and this is the highest bonus that we have ever given out since our inception. Our customers placed their trust in is to help them achieve their long-term financial goals, and we believe that this incentive will do exactly that.”

A policyholder bonus is the share of profits generated by the company’s participating fund which is paid to the customers at specific benefit events.

PNB MetLife’s strong fund management capabilities coupled with robust risk management practices have enabled the company to reward policyholders with consistent bonus pay-outs, the company said.

Significant peer fund and benchmark index outperformance across key categories in a competitive market make PNB MetLife a preferred choice for our policyholders in their journey of long-term wealth creation, it added.