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K.R. Srivats

New Delhi, Dec. 15 Metlife India Insurance Co Ltd plans to re-launch some of its traditional products as part of its attempts to further strengthen its product portfolio in the wake of sluggish demand for linked products in the recent months.

“The market is still about 80 per cent unit linked for us. Despite a slowdown, we are not seeing a drastic shift to traditional products.

However, there is a case for extending our product portfolio on the traditional side. To remain competitive, we will re-launch and even re-design some of the existing ones,” Mr Rajesh Relan, Managing Director, Metlife India, told Business Line here.

Plans are afoot to retrain the intermediaries involved in the selling process. The company already had a traditional product portfolio including Met Suvidha, Met Bhavishya and Met mortgage protector.

While declining to comment about the break even targets for the company, Mr Relan said that the company would continue to invest in the Indian market for the next three years in line with its existing business plans.

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