PNB MetLife India Insurance Co. Ltd., a prominent life insurer, has announced the appointment of Sameer Bansal as its Managing Director and Chief Executive Officer, effective July 1, 2024, pending regulatory approvals. With a robust background spanning over 25 years in financial services, Sameer brings extensive expertise in various domains, including Bancassurance, Agency, Digital, Employee Benefits, and Direct marketing business models. Having joined PNB MetLife in 2007, he currently serves as the Chief Distribution Officer and holds a pivotal position within the leadership team.
Sameer will succeed Ashish Srivastava, who has been appointed as the Managing Director for MetLife Inc.’s Global Shared Services team in India. Expressing confidence in Sameer's capabilities, Lyndon Oliver, Chairman of the Board, commented, "We are delighted to endorse Sameer Bansal's appointment to lead our joint venture company. He is a seasoned leader with profound industry knowledge and a deep understanding of our business, ensuring the sustained growth of PNB MetLife."
In his new role, Sameer will spearhead the business expansion efforts in one of MetLife's key markets, overseeing operations across 149 branches spanning over 18,600 locations. Leveraging one of the largest bancassurance networks in India, he will drive growth initiatives through strategic bank partnerships.
Expressing his gratitude for the opportunity, Sameer stated, "It is a privilege to assume this role. In a rapidly evolving and competitive market, we are presented with significant opportunities. I am eagerly looking forward to leading our company as we fulfill our commitment to customers through our 'Circle of Life' promise and uphold our purpose: 'Milkar Life Aage Badhaein,' for the benefit of all our stakeholders." Sameer's appointment signifies PNB MetLife's commitment to continued growth and innovation in the Indian insurance landscape under his adept leadership.