PNB MetLife is stepping up its game in the retirement planning space with the launch of a new multicap fund designed to build long-term wealth while offering life insurance protection.
New Pension Fund Joins ULIP Lineup
PNB MetLife India Insurance Company Limited has rolled out the Pension Premier Multicap Fund under its Unit-Linked Insurance Plans (ULIPs). Available exclusively with the PNB MetLife Smart Invest Pension Plan (UIN – 117L137V02), the fund aims to help customers grow their retirement savings through a diversified equity portfolio while securing life coverage.
Developed in partnership with Policybazaar, the fund is open for subscription at a NAV of ₹10 from April 1 to April 15, 2025. After the initial window, it will be priced at market value.
Why It Matters
This isn’t just another ULIP. What sets the Pension Premier Multicap Fund apart is its active fund management and proven multi-cap strategy. According to Sanjay Kumar, Chief Investment Officer at PNB MetLife, the new fund brings the company’s wealth-building expertise into the pension space, making retirement planning more accessible and dynamic for Indian investors.
Vivek Jain, Chief Business Officer – Life Insurance at Policybazaar, added that Indian retirement habits are shifting away from informal savings towards more structured solutions. He highlighted the growing need for flexible, performance-driven pension products tailored for modern financial goals.
Strong Track Record Backing the Launch
The fund draws from the success of the PNB MetLife Premier Multicap Fund, which launched in March 2018. It has consistently outperformed market benchmarks, delivering a CAGR of 15.9%—outpacing the S&P BSE 500 Index by 3.8 percentage points. Over the past five years, it has clocked a 20% annualized return while maintaining a balanced risk profile.
Now part of a pension-focused ULIP, the strategy offers customers an avenue to grow their corpus while benefiting from market exposure and insurance coverage under a single plan.
With rising awareness about structured retirement planning, this new launch offers investors a smarter way to prepare for their financial future—especially in a market where long-term wealth creation is becoming as crucial as protection.