Insurance News Details

PNB MetLife Insurance unveils new fund 'Pension Dividend Leaders Index Fund'

(01-Apr-26   15:49)

PNB MetLife India Insurance Company Limited (PNB MetLife) has launched the 'Pension Dividend Leaders Index Fund' in conjunction with its Unit-Linked Pension Plan. This fund will be offered through the PNB MetLife Smart Invest Pension Plan Pro.

This fund mirrors an index of companies that consistently pay dividends and has been designed for long-term retirement savings.

Adopting a passive equity approach, the fund tracks the BSE 500 Dividend Leaders 50 Index (Customized). It comprises companies across the Large-Cap, Mid-Cap, and Small-Cap segments and reinvests dividends to support potential compounded growth over time.

During the New Fund Offer (NFO) period'running from April 1 to April 19'this fund will be available at an initial NAV of Rs 10 per unit; the first NAV will be declared on April 20.

This fund can be accessed through PNB MetLife's digital platforms as well as via Policybazaar.

Key features of this fund include investing in the top 50 high-dividend-yielding companies listed in the BSE 500 Dividend Leaders 50 Index; focusing on profitable companies with stable cash flows; reinvesting dividends for long-term growth; employing a passive, rules-based investment strategy; and being designed to offer a structured approach to retirement planning.

Sanjay Kumar, Chief Investment Officer at PNB MetLife, noted that'the fund aims to provide a systematic investment option for retirement, noting that India's population over 60 is expected to exceed 230 million by 2036.

This plan also provides a life insurance component that offers a death benefit while the policy remains in force and premiums are paid.