<h1>PNB MetLife Dividend Leaders Index Fund: passive ULIP investing in high-dividend companies with life cover and five-year lock-in.</h1> PNB MetLife launched a passively managed Dividend Leaders Index Fund available through specified ULIP products, replicating a customised BSE 500 Dividend Leaders 50 Index with 60-100% allocation to benchmark equities and up to 40% to money market instruments; initial units offered at INR 10 during the New Fund launch period with defined NAV applicability. The fund provides inbuilt life cover and operates under unit-linked policy conditions where the investment risk is borne by the policyholder and no surrender or withdrawal is permitted in the first five years.