Presentation by-

PUNJAB NATIONAL BANK Stuti sachdeva

Corporate Mission:
-"Creating Value for all its customers, Investors and Employees for being the first
choice for all stakeholders"
History:
-`PNB was born on May 19, 1894. The founding board was drawn from different
parts of India professing different faiths and a varied back-ground with, however, the
common objective of providing country with a truly national bank which would further
the economic interest of the country.
CEO & Managing director:
- Shri Sunil Mehta
Total number of employees:
- (including those who are on deputation in the subsidiaries) as on 31st March 2018 is
74,897.
Founder:
- Lala Lajpat Rai, Dyal Singh Majithia
Total number of branches:
- 6945
Connections to abroad:
-NRI services
-world travel card
-foreign office details
-offshore banking units
- helpdesk for forex services
METLIFE
Mission:
- Since 1976, MetLife Foundation has provided more than $783 million in grants and
$70 million in program-related investments to make a positive difference for the
individuals, families and communities we serve
History:
- The predecessor company to MetLife began in 1863 when a group of New York City
businessmen raised $100,000 to found the National Union Life and Limb Insurance
Company. The company insured Civil War sailors and soldiers against disabilities due
to wartime wounds, accidents, and sickness.
CEO:
- Michel. A. Khalaf
Founder:
- William. P. Stewart
Total Number of employees:
- 49,000 (2017)
Connections to abroad:
- Outside of the United States, MetLife operates in Latin America, Europe, Asia's
Pacific region, and the Middle East, with leading market positions in Mexico, Japan,
South Korea and Chile
PNB METLIFE
History:
- PNB MetLife incorporates in India in 2001 and establishes a pan-Indian footprint
within 16 years of operations
Mission:
- PNB MetLife provides a wide range of protection and retirement products through its
Agency sales of over 10,000 financial advisors and multiple bank partners, and
provides access to Employee Benefit plans for over 800+ corporate clients in India
MD & CEO:
- Ashish Kumar Srivastava
Total number of Employees:
9845
Total number of branches:
-107 locations
-Connections from abroad:
-The company serves customers in over 7000 locations providing a range of health,
life and retirement insurance products
TERMINOLOGIES
WHAT IS PARTIAL WITHDRAWAL?
When companies provide flexibility to its policy holders to PARTIALLY WITHDRAW
some amount of money from his own accumulated fund value before policy tenure is
over. Thus, the policyholder gets to withdraw some amount of his own money from the
Fund that he had otherwise accumulated for the end of the policy tenure. It is only
allowed if all due premiums have been paid on time and the policy is in-force
SURRENDER VALUE
The cash value of an insurance contract, also called the cash surrender value or
surrender value, is the cash amount offered to the policyowner by the issuing life
carrier upon cancellation of the contract
BENEFICIARY
A beneficiary in the broadest sense is a natural person or other legal entity who
receives money or other benefits from a benefactor. For example, the beneficiary of
a life insurance policy is the person who receives the payment of the amount of
insurance after the death of the insured.
ASSIGNMENT
Transfer of ownership of property, or of benefits, interests, liabilities , rights under a
contract(such as insurance policy), by one party to another by signing a document is
called DEED OF ASSIGNMENT.
NOMINEE
Nominee is the person selected by the policyholder to receive the benefit in case of
death of the life insured thus giving a valid discharge to the insurer on settlement of
claim under a life insurance policy.
RENEWAL PREMIUM
Renewal premiums are the subsequent premiums that are paid by the insured to the
insurer in order to keep the policy in operation and avail the benefits of the policy
accordingly.
TERMINAL BONUS
Terminal Bonus is also known as persistency bonus which is paid once, i.e. at the time
of maturity of the policy. It is a sort of loyalty bonus given to a policyholder for
maintaining the policy till maturity. Its value is not guaranteed and will be disclosed
only at the time of policy maturit
ACCRUED BONUS
A bonus expense should be accrued whenever there is an expectation that financial
or operational performance of company at least equals the performance levels
required in any active bonus plans.
REVERSIONARY BONUS
A sum added to the amount of an insurance policy payable at the maturation of the
policy or the death of the person insured.
PROPOSER
A proposer is a person who submits a request for insurance coverage. The proposer
becomes the insured when the application has been accepted and the contract
brought into being. A proposer is a person who submits a request for insurance
coverage.
LIFE ASSURED
Life assured is the person whose life is covered in the insurance contract.
In event of contingency the insured can claim the amount or in event of the death of
the assured, the nominee will receive the insurance amount.
ALLOCATION CHARGES
It is a percentage of the first year premium charged by the insurer before allocating
the policy. These are the initial expenses incurred by the insurance company at the
time of policy issuance
EXPECTATIONS FROM INVESTMENT
Tax saving
Liquidity
Security
Maximum ROI
Trust
Brand image
No risk
Proper information
Decentralisation
Guaranteed profits
Extra benefits
Fast documentation process
No fund blockage
Legal agreement
Relaibilty
After sales service
DEMERITS OF DIFFERENT FINANCIAL
SECTORS
SHARE MARKET
•Risk and uncertainty
•No insurance coverage
•No liquidity
•Taxable according to slab
•Wait till profit generates
•Usually the funds are blocked
PROVIDENT FUND/EMPLOYEE PROVIDENT FUND
Low interest rate
No insurance coverage
No liquidity
Taxable
It takes a longer span of time
Usually the funds are blocked
GOLD
Fluctuating rate and risk taker
No insurance coverage
No liquidity
Taxable
Takes time and money in making
Usually the funds are blocked
REAL ESTATE
High interest rate and risk taker
No insurance coverage
No liquidity
Taxable according to slab
Wait till increase in property
Usually the funds are blocked
BANKING SECTOR
No life coverage
No liquidity
Usually the funds are blocked
Low interest
No tax rebate
It takes a period of time
POST OFFICE
No life coverage
No liquidity
Usually the funds are blocked
Taxable and poor service
Time boundaries
PENSION
No life coverage
No liquidity
Usually the funds are blocked
Low interest rate
No tax saving
Wait till employee retires
MUTUAL FUNDS
No life coverage
No liquidity
No tax rebate
Risk and uncertainty
It takes a period of time