MetLife India, Punjab National Bank Complete Partnership Agreement

MetLife

today announced that MetLife India has completed a partnership agreement with Punjab National Bank (PNB). Under the agreement PNB obtained a 30% ownership in the company. MetLife India will now be known as PNB MetLife India Insurance Company Limited (PNB MetLife). Commemorating this partnership, the Honourable Finance Minister of India, Mr. P Chidambaram attended a launch event in New Delhi today. PNB is one of the oldest and leading banks in India and is trusted by customers for over 100 years. It has a vast distribution reach, with over 5,900 branches and serving over 70 million customers across the nation. MetLife India has been operating in the country since 2001 and