PNB MetLife, one of the leading life insurance companies in India, has announced the appointment of Mohit Bahuguna as Business Head – Group Business and Partnership Distribution.
In his new role, Mohit will be responsible for leading and developing PNB MetLife’s group insurance business as well as expanding and deepening its distribution network by developing and onboarding new partners, said a statement.
Prior to this, Bahuguna had a stint with Bharti AXA Life Insurance, where he worked for over two decades. Prior to that, Bhauguna had served in leadership roles at Bajaj Allianz Life, ICICI Prudential Life Insurance Company and Standard Chartered Bank.
Bahuguna has led different projects in distribution management, group business, partnership distribution, Bancassurance, Micro Finance Institution businesses, in his previous roles, the statement said.
Commenting on the appointment, Sameer Bansal, Chief Distribution Officer, PNB MetLife, said, “Mohit’s rich experience in the industry and knowledge of all aspects of distribution will provide a unique perspective to PNB MetLife and help it serve its customers and Partners even better. He will focus on new ways to partner and grow the company’s footprint across India in the digital era. PNB MetLife’s strong technological credentials and lucrative fund performance reaffirm our commitment to deliver value accretive growth to customers. We are confident that Mohit will help us take this up a notch.”
PNB MetLife has as its shareholders MetLife International Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, MIHL and PNB being the majority shareholders. PNB MetLife has been present in India since 2001, with presence in over 115 locations across the country, serving over 100 million customers in more than 8,700 locations.
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