Retirement Savings Plan: PNB MetLife Launches Pension Premier Multicap Fund; Check NAV & Subscription Window
PNB MetLife India launched the Pension Premier Multicap Fund under its ULIPs with Policybazaar. Available April 1-15, 2025, it aims to help customers build retirement savings.
PNB MetLife India Insurance Company Limited today launched PNB MetLife Pension Premier Multicap Fund under its Unit-Linked Insurance Plans (ULIPs) offerings. The actively managed fund is designed to help customers build secure retirement savings. Launched in collaboration with Policybazaar, the fund will be available for subscription from April 1 to April 15, 2025, at an initial Net Asset Value (NAV) of ₹10, and post that it will be available as per current market value.
The Pension Premier Multi-Cap Fund is available with PNB MetLife Smart Invest Pension Plan (UIN – 117L137V02). The plan will help customers build a retirement corpus along with offering life insurance coverage as protection, ensuring financial protection for the family in case of unforeseen events.
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Key Features of the PNB MetLife Pension Premier Multicap Fund:
- Invests in a diversified portfolio
- Aims to outperform the S&P BSE 500 Index through a disciplined investment strategy.
Sanjay Kumar, Chief Investment Officer, PNB MetLife, said: “Retirement planning isn’t just about saving money—it’s about making smart investment choices that ensure long-term financial independence. With PNB MetLife Pension Premier Multicap, we extend our proven multi-cap investment strategy to the ULIP pension space, offering customers a robust opportunity to build wealth through a diversified portfolio. Our partnership with Policybazaar enhances digital accessibility, making retirement planning simpler and more inclusive."
Vivek Jain, Chief Business Officer, Life Insurance, Policybazaar.com, said “Retirement planning in India has traditionally meant relying on personal savings or the cushion of family support. However, this is changing now with the growing need for more structured financial solutions. Recognising this shift, Policybazaar has partnered with PNB MetLife to introduce a smart and flexible pension plan combined with a new pension fund designed for wealth creation and portfolio stability. We are proud to take this thoughtful step towards helping individuals build a secure future and make the most of India’s growing economy."
Since its launch in March 2018, the PNB MetLife Premier Multicap Fund has delivered a compound annual growth rate (CAGR) of 15.9%, beating the S&P BSE 500 Index by 3.8 percentage points. Over the last five years, the fund has provided an annualized return of 20.0%, above market averages, while maintaining a balanced risk profile. Given this strong performance, PNB MetLife is now introducing the fund as part of its Unit Linked Insurance Plan Pension offerings.
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