PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India present since 2001. PNB MetLife has as its shareholders MetLife International Holdings LLC (MIHL), Punjab National Bank (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited, and other private investors, MIHL and PNB being the majority shareholders. The company serves customers in over 7000 locations providing a range of health, life, and retirement insurance products.
PNB MetLife was initially launched as MetLife India Insurance Company Limited in 2001. In 2011, PNB picked up a 30% stake in MetLife India Insurance. Both PNB and MetLife India approached the (CCI) on 7 December 2012. In January 2013, PNB received full approval for acquiring a 30% stake in MetLife India Insurance. This new private-sector life insurer was re-branded as PNB MetLife India Ltd.
PNB MetLife is now present in over 150 locations across the country and serves customers in more than 7,000 locations through its bank partnerships with PNB, J&K Bank, and Karnataka bank Ltd.
PNB MetLife Unlisted Share Details as of March 31, 2025
PNB MetLife Outstanding Shares: |
2,012,884,283 |
Face Value of PNB MetLife Unlisted Share: |
Rs. 10 Per Equity Share |
ISIN of PNB MetLife Unlisted Share: |
INE207O01014 |
Lot Size of PNB MetLife Unlisted Share: |
500 Shares |
PNB MetLife Current Share Price: |
Best in Industry |
PAN Number of PNB MetLife: |
AACCM6448H |
GST Number of PNB MetLife: |
29AACCM6448H1Z6 |
Incorporation Details of PNB MetLife
PNB MetLife CIN Number |
U66010KA2001PLC028883 |
|
PNB MetLife Registration Date |
11-Apr-2001 |
|
Category / Sub-Category of PNB MetLife |
Company limited by Shares |
|
PNB MetLife Registered Office Address |
Unit No. 701, 702 & 703, 7th Floor, West Wing Raheja Towers, 26/27 M G Road, Bengaluru – 560001, Karnataka |
|
PNB MetLife Registrar & Transfer Agent Address and Contact Details |
Link Intime India Private Limited C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083 Telephone: (022) 4918 6000 |
|
PNB MetLife Particulars of Holding, Subsidiary & Associate Companies
The Company does not have any subsidiary or associate or Joint Venture company.
PNB MetLife Board of Directors
|
S.NO. |
Name of the Directors |
Category |
|
|
1. |
Mr. Lyndon Oliver |
Chairman - Non-Executive (Additional) Director |
|
|
2. |
Mr. Ashish Kumar Srivastava |
Managing Director & CEO |
|
|
3. |
Mr. Atul Kumar Goel |
Additional Non-Executive Director |
|
|
4. |
Mr. Sanjay Kumar |
Non-Executive Director |
|
|
5. |
Mr. Pheroze Kersasp Mistry |
Non-Executive Director |
|
|
6. |
Mr. Ashish Bhat |
Non-Executive Director |
|
|
7. |
Mr. Atinder Jit Singh |
Non-Executive Director |
|
|
8. |
Mr. Sanjeev Kapur |
Additional Non-Executive Director |
|
|
9. |
Mr. Karthik Mohan |
Additional Non-Executive Director |
|
|
10. |
Mr. Thallapaka Venkateswara Rao |
Non-Executive Director |
|
|
11. |
Mr. Arvind Kumar Jain |
Non-Executive Director |
|
|
12. |
Mr. Erach Kotwal |
Non-Executive Director |
|
|
13. |
Mr. Sunil Gulati |
Independent Director |
|
|
14. |
Ms. Sonu Bhasin |
Independent Director |
|
|
15. |
Ms. Padma Chandrasekaran |
Independent Director |
|
|
Category |
No. of Shares |
% of Shares held |
|
Promoters |
1,58,84,78,581 |
78.92% |
|
Investors |
42,44,05,702 |
21.08% |
|
Total |
2,01,28,84,283 |
100.00% |
Life Insurance Industry Outlook
The life insurance industry in India continues to grow with 12% CAGR from FY 2016-17 to FY 2021-22 in life insurance premium. The double-digit growth in premium can be attributed to increasing insurance awareness, expansion in the distribution network and introduction of different government schemes for financial inclusion.
Life insurance penetration in India, on the other hand, has declined to 3.2% in CY 2020 from 4.4% in CY 2010 due to various economic factors. CRISIL Research suggests that due to the higher share of savings than protection in premium, the actual protection provided by insurance in India would be much lower compared with even other developing markets.
Also, the insurance density in India, at USD59 in CY 2020, remains very low compared with other developed and emerging market economies. At the same time, India’s protection gap was USD16.5 trillion as of CY 2019, which was much higher compared with its Asian counterparts.
FAQs on PNB MetLife
Q. What is the face value of PNB
MetLife India Insurance shares?
Answer: The face value of PNB MetLife India Insurance shares is ₹10
per equity share.
Q. What is the ISIN of PNB MetLife
India Insurance shares?
Answer: The ISIN of PNB MetLife India Insurance Company Ltd is
INE207O01014.
Q. What is the minimum lot size for
buying PNB MetLife shares through WWIPL?
Answer: The minimum lot size is 1,00,000
Q. How can I buy PNB MetLife India
Insurance shares through WWIPL?
Answer: Investors can complete KYC formalities, confirm share
availability and pricing, transfer funds, and receive shares directly into
their Demat account through WWIPL.
Q. Why should I buy PNB MetLife
shares through WWIPL?
Answer: WWIPL provides transparent pricing, secure settlements,
verified transactions, and end-to-end support throughout the investment
process.
Q. Is investing in PNB MetLife India
Insurance a good idea?
Answer: Investors often evaluate PNB MetLife based on its strong
parentage, growing insurance penetration in India, profitability trends, and
long-term growth potential in the life
insurance sector.
Q. Who are the major shareholders of
PNB MetLife India Insurance?
Answer: PNB MetLife is backed by Punjab National Bank and MetLife
International, combining a strong domestic distribution network with global
insurance expertise.
Q. What does PNB MetLife India
Insurance do?
Answer: PNB MetLife provides life insurance, retirement solutions,
savings plans, protection products, and wealth creation solutions to individual
and institutional customers.
Q. What factors influence the
valuation of PNB MetLife shares?
Answer: Premium growth, profitability, embedded value, solvency
position, distribution reach, and insurance sector outlook are key valuation
drivers.
Q. What documents are required to buy
PNB MetLife shares from WWIPL?
Answer: PAN Card, Aadhaar Card, Client Master Report (CMR), and
bank account details are generally required for completing the transaction.
Q. Are PNB MetLife shares available
in Demat form?
Answer: Yes. Shares purchased through WWIPL are transferred
directly to the investor's Demat account.
Q. Can I sell my PNB MetLife shares
through WWIPL?
Answer: Yes. WWIPL assists investors in both buying and selling
unlisted shares, subject to market demand and liquidity.
Q. How long does it take for PNB
MetLife shares purchased through WWIPL to be credited to a Demat account?
Answer: Shares are generally transferred as per the agreed
settlement timeline after successful transaction completion.
Q. What are the key growth drivers
for PNB MetLife India Insurance?
Answer: Rising insurance awareness, increasing financial protection
needs, expansion of distribution channels, and growth in long-term savings
products can support future growth.
Q. What are the risks of investing in
PNB MetLife India Insurance shares?
Answer: Investors should consider regulatory changes, competitive
pressures, slower premium growth, valuation risks, and liquidity constraints in
the unlisted market.
Q. What should investors evaluate
before investing in PNB MetLife India Insurance?
Answer: Investors should assess premium growth, profitability,
embedded value, solvency position, market share, valuation, and long-term
insurance industry prospects.
Q. How does WWIPL help investors
track PNB MetLife investments?
Answer: WWIPL provides pricing updates, company information,
transaction assistance, and market insights related to PNB MetLife India
Insurance unlisted shares.
