Companies

PNB MetLife full-year net profit jumps 77%

Deepa Nair Mumbai | Updated on November 24, 2017 Published on May 15, 2014

Private sector life insurer PNB MetLife India Insurance has reported a 77 per cent increase in net profit at Rs 192 crore in FY 2013-14 against Rs 108 crore in FY 2012-13.

Tarun Chugh, MD & CEO, PNB MetLife, said: “The profitability has been as a result of operational efficiencies and higher sales from long-term regular premium products (close to 90 per cent of our portfolio). We have a profitable growth agenda with the customer at the centre.''

He added: “The company has also defined a CSR budget for FY 2014-15 based on an average of last three years profit aligned to the requirements of the CSR Bill. Our CSR strategy is focused on community development through financial inclusion, health and education initiatives in the country.”

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Published on May 15, 2014
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