PNB MetLife launches Pension Dividend Leaders Index Fund
Strengthening
retirement readiness for India’s ageing population
New Delhi, April 2,
2026: PNB MetLife India Insurance Company Limited
(PNB
MetLife), one of India’s
leading life insurers, today announced the launch of the PNB MetLife Pension
Dividend Leaders Index Fund (SFIN ULIF04101/04/26PEDIVIDEND117), along
with its ULIP Product. The fund is designed to help customers build long‑term
retirement savings by replicating an index of companies with a consistent
record of dividend payouts. It will be offered through the PNB MetLife Smart
Invest Pension Plan Pro, an individual, non‑participating, unit‑linked
pension savings plan (UIN: 117L138V04).
The PNB MetLife Pension Dividend Leaders Index Fund
aims to help customers build retirement savings through a dividend‑led
compounding approach, while benefiting from the structure of a pension‑oriented insurance
solution. The fund is designed as a passive equity strategy and will be
benchmarked against the BSE 500 Dividend Leaders 50 Index (Customized[1]), which is evaluated and
rebalanced annually by the index provider.
The fund will be available during the New Fund
Offering (NFO) period from April 1 to April 19, 2026, at an initial Net Asset
Value (NAV) of ₹10 per unit, with the first NAV to be declared on April 20,
2026. Customers can invest through Policybazaar and PNB MetLife’s direct‑to‑consumer
digital platforms. The fund’s availability through digital and partner
platforms supports wider access to retirement planning solutions for customers
across India.
Key features of PNB
MetLife Pension Dividend Leaders Index Fund include:
- Reliability through proven dividend payers: Passively invests in the top 50 companies known
for consistent dividend payouts, by replicating the BSE 500 Dividend
Leaders 50 Index
- Profitability & free‑cash‑flow focus: Replicates index of fundamentally strong and
profitable companies across large‑cap, mid‑cap, and small-cap segments
- Systematic Wealth Growth: Dividends earned are reinvested to support
compounding overtime
- Passive
investment strategy: Offers exposure to equity markets
with a structured, rule‑based approach
- Retirement‑oriented
approach: Designed to support long‑term income
generation and capital growth for pension planning
Speaking
on the launch, Sanjay Kumar, Chief Investment Officer, PNB MetLife, said: “With over 230 million people expected to be above 60
by 2036[2],
the PNB MetLife Pension Dividend Leaders Index Fund is designed to help bridge India’s
retirement gap by offering a disciplined, passive investment approach within a
strong pension insurance framework, supporting joyful and financially secure
retirement.”
Along with supporting long‑term retirement planning,
the policy also includes a life insurance death benefit that helps ensure
continued financial support for loved ones, as long as the policy remains
active and premiums are maintained. This combination reflects PNB MetLife’s
commitment to keeping its promise of long‑term financial protection for
customers and their families.
About
PNB MetLife India Insurance Company Limited:
PNB
MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life
insurance companies in India that combines the financial strength of MetLife,
Inc. with the credibility of PNB, one of the India's oldest nationalized banks.
PNB MetLife’s positioning, Always Ready for Life, is demonstrated through
empowering every individual to lead their life with absolute confidence.
With
a strong presence in 182 branches and access to customers in over 20,000
locations through bank partnerships, PNB MetLife offers a comprehensive
insurance solutions portfolio covering Child Education, Family Protection,
Long-Term Saving and Retirement. The Company has a wide range of protection and
retirement plans available through its sales channel of over 36,000 financial
advisors and multiple bank partners and caters to over 585 group relationships in
India.
For
more information, follow us on:
Facebook
- www.facebook.com/PNBMetLife
Instagram
- https://www.instagram.com/pnb_metlife or
visit
- https://www.pnbmetlife.com/
[1] Customised index created and maintained by BSE Index
Services Pvt. Ltd. for PNB MetLife India to meet IRDAI investment
norms
