PNB MetLife Insurance Insurance Data
Joint venture between Punjab National Bank, MetLife International, and M. Pallonji.
PNB MetLife Insurance is a life insurance company licensed by IRDAI (registration number 117). Its solvency ratio of 1.93× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 18th among 25 life insurers. The company reported gross written premium of ₹11752 crore in FY25-03, ranking 10th by premium among 25 life insurers. Its claims settlement ratio of 97.9% in Q1 FY26-27, placing it 1st among 10 life insurers with available data. Its 13th-month premium persistency ratio was 77.3% in Q1 FY26-27.
Peer rank among life insurers with data for that metric. Not shown when fewer than 3 peers have data.
Premium
| gross written premium | ₹11,752 crore | FY25-03 |
Solvency
| solvency ratio | 1.93× | Q1 FY26-27 |
Claim Settlement
| claim settlement ratio | 97.9% | Q1 FY26-27 |
Persistency
| 37th month persistency ratio | 59.3% | Q1 FY26-27 |
| 49th month persistency ratio | 58.0% | Q1 FY26-27 |
| 25th month persistency ratio | 68.6% | Q1 FY26-27 |
| 13th month persistency ratio | 77.3% | Q1 FY26-27 |
| 61st month persistency ratio | 49.8% | Q1 FY26-27 |
| 49th month persistency by policy count | 55.6% | FY24-25 |
| 37th month persistency by policy count | 59.0% | FY24-25 |
| 61st month persistency by policy count | 50.6% | FY24-25 |
| 25th month persistency by policy count | 66.9% | FY24-25 |
| 13th month persistency by policy count | 77.4% | FY24-25 |
Financial Position
| net worth | ₹2,059 crore | FY24-25 |
Distribution by Channel
| MI Agents premium | ₹0.00 crore | FY24-25 |
| Individual Agents policies | 29,370 | FY24-25 |
| Brokers premium | ₹158.93 crore | FY24-25 |
| CSCs premium | ₹0.00 crore | FY24-25 |
| IMF premium | ₹16.74 crore | FY24-25 |
| MI Agents policies | 0 | FY24-25 |
| Bank Channel policies | 1,91,198 | FY24-25 |
| Referrals policies | 0 | FY24-25 |
| Direct policies | 35,567 | FY24-25 |
| Online premium | ₹2.83 crore | FY24-25 |
| Corp. Agents (Other) premium | ₹20.24 crore | FY24-25 |
| POS policies | 2 | FY24-25 |
| Corp. Agents (Other) policies | 3,207 | FY24-25 |
| Referrals premium | ₹0.00 crore | FY24-25 |
| Individual Agents premium | ₹334.59 crore | FY24-25 |
| Web Agg. policies | -2 | FY24-25 |
| CSCs policies | 0 | FY24-25 |
| Others premium | ₹0.00 crore | FY24-25 |
| Bank Channel premium | ₹2,122.95 crore | FY24-25 |
| IMF policies | 2,162 | FY24-25 |
| Brokers policies | 33,687 | FY24-25 |
| Online policies | 600 | FY24-25 |
| POS premium | ₹0.02 crore | FY24-25 |
| Others policies | 0 | FY24-25 |
| Direct premium | ₹559.41 crore | FY24-25 |
| Web Agg. premium | ₹0.16 crore | FY24-25 |
Lapse & Surrender
| lapse and surrender ratio | 4.2% | FY24-25 |
Other Claims
| claims repudiation ratio | 0.40% | Q4 FY25-26 |
| claims settled in 1 to 3 months | 0.0% | FY24-25 |
| claims settled in 3 to 6 months | 0.0% | FY24-25 |
| claims paid within 1 month | 100.0% | FY24-25 |
| claims settled after 1 year | 0.0% | FY24-25 |
| claims settled in 6 to 12 months | 0.0% | FY24-25 |
Other
Data from IRDAI public disclosures. Click a metric name for full history and provenance.
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