PNB MetLife With Policybazaar Launches New Pension Multicap Fund Under ULIP

PNB MetLife India Insurance has introduced a new offering under its Unit-Linked Insurance Plans (ULIPs) called the Pension Premier Multicap Fund. The fund is being distributed through Policybazaar, a digital insurance platform.

Subscription Window and NAV

The fund is open for subscription from April 1 to April 15, 2025. During this period, it will be available at an initial Net Asset Value (NAV) of ₹10. Post this window, it will be offered at market value.

The fund is part of the PNB MetLife Smart Invest Pension Plan. It combines retirement-focused investment options with life insurance coverage.

Investment Strategy

The Pension Premier Multicap Fund follows an active investment strategy. It aims to invest across a diversified mix of equities, including large-cap, mid-cap, and small-cap stocks. The fund is benchmarked against the S&P BSE 500 Index.

The product includes a five-year lock-in period. As with other ULIPs, the investment risk is borne by the policyholder.

Previous Performance 

PNB MetLife’s original multicap fund, launched in March 2018, has recorded a compound annual growth rate (CAGR) of 15.9%, exceeding its benchmark by 3.8 percentage points. Over the last five years, the fund has delivered annualised returns of 20%, according to company data.

The fund is being distributed via Policybazaar, which claims to have a 93% share in India’s online insurance aggregator space and partners with over 50 insurance providers. The platform will offer digital access to the new pension fund.

Company Reach

PNB MetLife operates through 155 branches and serves over 19,000 locations across India through its banking partnerships. Its product portfolio includes offerings in protection, savings, child education, and retirement.

Conclusion

The Pension Premier Multicap Fund is structured to provide market-linked retirement savings alongside insurance cover, with digital distribution enabled through Policybazaar.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.