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Chandigarh: PNB MetLife India Insurance Company has announced a strategic partnership with the digital insurance giant Policybazaar to launch a new investment offering: the Pension Consumption Fund. This actively managed fund is exclusively available under PNB MetLife’s unit-linked insurance plans (ULIPs) and is designed to leverage India’s booming domestic consumption story to fuel long-term retirement savings.
The new fund is currently open for subscription through a New Fund Offer (NFO). Investors can subscribe to units at an initial price of ₹10 per unit during the NFO period, which started on October 16 and runs through October 31. Following the close of the offer, the units will be formally allotted to investors on October 31.
Retirement Savings Meets India’s Growth
The Pension Consumption Fund is specifically positioned as a retirement-oriented investment option. Its primary goal is to generate long-term capital appreciation by investing in the equities of companies that are poised to benefit from India’s sustained domestic consumption trends.
The fund’s investment philosophy centers on key themes driving this growth, including:
- Rising Incomes: Increased disposable income across the population.
- Urbanisation: The shift of the population to cities, leading to changes in spending patterns.
- Digital Adoption: The rapid increase in online transactions and digital services usage.
This focus aims to connect policyholders’ retirement corpus directly to the performance of the companies benefiting from the vast and growing Indian consumer market.
Exclusive Access through ULIPs and Policybazaar
The new fund will be accessible through two of PNB MetLife’s key retirement products: the Smart Invest Pension Plan and the Smart Invest Pension Plan Pro. By integrating the fund into these ULIPs, PNB MetLife offers a dual benefit of life insurance protection alongside a targeted equity growth engine for retirement.
The partnership with Policybazaar is central to making this fund widely accessible. As one of India’s largest digital insurance brokers, Policybazaar will facilitate access to the Pension Consumption Fund through its extensive online platform, ensuring ease of enrollment for customers across the country.
Leadership’s Vision
The launch reflects a strategic commitment from both organizations to meet the growing demand for comprehensive retirement solutions.
Leadership Insights and Market Outlook
Commenting on the launch, Sameer Bansal, Managing Director & CEO of PNB MetLife, said:
“Our partnership with Policybazaar marks a step forward in making retirement planning more aligned with India’s economic transformation. The Pension Consumption Fund is tailored for individuals who wish to grow their retirement savings in sync with the country’s domestic consumption story.”
Sarbvir Singh, Joint Group CEO of PB Fintech (the parent company of Policybazaar), echoed this sentiment, stating:
“This fund empowers investors with a disciplined, long-term approach to building wealth — a critical component for ensuring financial independence post-retirement.”
PNB MetLife is a well-established player in the Indian insurance sector, combining the global backing of MetLife Inc. with the vast domestic distribution network of Punjab National Bank. This collaboration ensures a robust foundation for the fund and broad reach for its ULIP products.
A Future-Focused Offering
As India’s consumption-driven economy continues to expand, the Pension Consumption Fund offers investors a timely opportunity to link their retirement goals with the nation’s progress. With disciplined investment, tax-efficient ULIP structures, and digital access through Policybazaar, the fund positions itself as a comprehensive, growth-oriented retirement solution for the modern Indian investor.
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