PNB MetLife launches pension fund with Policybazaar partnership

The fund is priced at $0.11 (₹10) per unit.

PNB MetLife India Insurance, in partnership with Policybazaar, has launched the Pension Consumption Fund under its Unit-Linked Insurance Plans (ULIPs).

The fund, priced at $0.11 (₹10) per unit, will be available during the New Fund Offer period from 16 to 31 October, with allotment on 31 October.

It will invest in companies benefiting from India’s domestic consumption trends, focusing on themes like rising incomes, urbanisation, and digital adoption. 

Investors can access it through PNB MetLife’s Smart Invest Pension Plan and Smart Invest Pension Plan Pro.

PNB MetLife CEO Sameer Bansal said the fund aims to help customers build long-term retirement wealth, whilst PB Fintech’s Sarbvir Singh said it supports disciplined, long-term investing in India’s growth story.