One of the leading life insurers, PNB MetLife has appointed Ms. Vijayalakshmi Natarajan as Chief Risk & Compliance Officer (CRCO). Vijayalakshmi is an industry veteran with over three decades of experience, and her addition to PNB MetLife’s leadership team underscores the company’s commitment to governance, compliance, and robust risk management practices.
Vijayalakshmi’s appointment took effect on 8th March. She is responsible for enterprise compliance, risk management, design and implementation of internal controls, and policies and procedures. Her duties also include managing the company’s Fraud Control Unit (FCU), Government Relations (GR) and Internal Financial Controls (IFC).
Vijayalakshmi previously served with distinction at SBI Life Insurance, LIC and Aviva Life Insurance. Armed with a background in Commerce and credentials as a Cost and Works Accountant, her expertise is further bolstered by Fellowships in Life Insurance (IIB) and Underwriting (Academy of Life Underwriting, USA).
Commenting on this appointment, Ashish Kumar Srivastava, MD & CEO of PNB MetLife, expressed, “We warmly welcome Vijayalakshmi Natarajan as our Chief Risk & Compliance Officer. I’m confident that with her extensive expertise and proven track record in the insurance sector, she will help us deliver on our purpose and uphold the highest standards of governance and compliance to which we have been and will always be committed.”
Vijayalakshmi said, ““I am happy to be part of the PNB MetLife family. I look forward to working with all the stakeholders in partnership to maintain and nurture the strong risk, compliance and governance culture in the organization for our customers, distributors and employees.”
About PNB MetLife India Insurance Company Limited
PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India that combines the financial strength of MetLife, Inc. with the credibility of PNB, one of the India’s oldest nationalized banks. PNB MetLife’s purpose, Milkar Life Aage Badhaein, is demonstrated through its customer-centric innovations and employee empowerment practices.
With a strong presence in 149 branches and access to customers in over 18,600 locations (as of March 31, 2023) through bank partnerships, PNB MetLife offers a comprehensive product portfolio covering Child Education, Family Protection, Long-Term Saving and Retirement. The Company has a wide range of protection and retirement products available through its sales channel of over 19,500 financial advisors and multiple bank partners and caters to over 590+ group relationships in India.
The marks “PNB” and “MetLife” are the registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
