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Pnb Met Life Appoints Sameer Bansal As Managing Director and CEO

PRIVATEJun 06, 2024•about 2 years ago

Position

Chief Executive Officer

Company

PNB MetLife

Sameer Bansal

Mumbai

Description

Sameer Bansal has been appointed as the Managing Director and CEO of PNB MetLife, effective from July 1, 2024. Sameer will be responsible for spearheading business growth in the Indian market and overseeing 149 branches in 18,600 locations through bank partnerships with a major bancassurance network. Sameer succeeds Ashish Srivastava, who has been appointed Managing Director for MetLife Inc.’s Global Shared Services team in India.

Company Information

Company

PNB MetLife

Location

Mumbai, Maharashtra, India

About

PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India. PNB MetLife has as its shareholders MetLife International Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, MIHL and PNB being the majority shareholders. PNB MetLife has been present in India since 2001. PNB MetLife brings together the financial strength of a leading global life insurance provider, MetLife, Inc., and the credibility and reliability of PNB, one of India's oldest and leading nationalised banks. The vast distribution reach of PNB together with the global insurance expertise and product range of MetLife makes PNB MetLife a strong and trusted insurance provider. PNB MetLife is present in over 140 locations across the country and serves customers in more than 16,500 locations through its strong bank partnerships with PNB, JKB and KBL. PNB MetLife provides a wide range of protection and retirement products through its Agency sales of over 10,000 financial advisors and multiple bank partners, and provides access to Employee Benefit plans for over 800+ corporate clients in India. The company continues to be consistently profitable and has declared profits for last five Financial Years.

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