ABSLI Life Shield Plan vs PNB MetLife Aajeevan Suraksha Plan

ABSLI Life Shield Plan

Premium starts ₹637/month

Claim Settlement Ratio

98.86%

PNB MetLife Aajeevan Suraksha Plan

Premium starts from ₹564/month

Claim Settlement Ratio

99.81%

₹1 Crore Life cover starting from ⁺

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Know More About Plans

Aditya Birla Sun Life Insurance Life Shield Plan is a term insurance plan offering insurance protection under 8 plan variants. ABSLI Life Shield Plan provides flexibility to choose your desired premium payment terms and policy terms. Also, avail spouse benefits and additional rider benefits for extensive risk protection under this Aditya Birla Sun Life Insurance plan.

Here are some key features of this plan:

Return of premiums at maturity

Choose among 8 plan variants

Flexible premium paying terms

Maximum policy term of 55 years

Inbuilt terminal illness benefit

3 additional riders available

Entry age up to 65 years

Comparison

Comparison Between Plans

Aditya Birla Sun Life Insurance Life Shield Plan

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PNB MetLife Life Insurance Aajeevan Suraksha Plan

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About Plan (9 Key Differences)

Key Features

8 plan options available
Return of premiums at maturity
Inbuilt terminal illness benefit

4 benefit options to choose
Return of premiums at maturity
Flexible policy term and premium paying term

Plan Entry Age

For plan variants 1, 3, 5, 7: 18 to 65 years
For plan variants 2, 4, 6, 8: 18 to 50 years

18 - 65 years

Plan Maturity Age

85 years

Maximum Maturity Age:
Fixed Term Cover: 80 years
Whole Life Cover: 99 years

Minimum Policy Term

Plan variant 1 - 6: 10 Years
Plan variants 7 & 8: 20 years

Single pay: 10 years
Regular pay: 10 years
Limited pay: Premium paying term plus 5

Maximum Policy Term

Plan variant 1 - 8: 55 Years

For Single, Regular and Limited pay options:

Fixed term cover:
Without return of premiums: 40 years
With return of premiums: 30 years

Whole life cover:
Without return of premiums: 99 minus age at entry

Premium Paying Term

Single Pay
Limited Pay – 6, 8, 10 Years
Regular Pay

Single Pay
Limited Pay – 5 to 15 Years
Regular Pay: Only available for fixed term option.

Plan Sum Assured

Minimum: Rs. 25,00,000
Maximum: No Limit

Plan Variants

Level Term Assurance
Level Term Assurance with Waiver of Premium (WOP) Benefits
Increasing Term Assurance
Increasing Term Assurance with Waiver of Premium (WOP) Benefits
Decreasing Term Assurance
Decreasing Term Assurance with Waiver of Premium (WOP) Benefits
Return of Premium
Return of Premium with Waiver of Premium (WOP) Benefit

No plan variants

Cover Options

Not Available

Fixed Term Cover, Whole Life Cover

Benefit Options

Lump Sum death benefit
Life Partner add on
Return of Premiums on Maturity

Lump Sum death benefit
Life Partner add on
Fixed Income
Increasing Monthly Income

Premium Paying Frequency

Monthly, Quarterly, Half-yearly, Yearly

Monthly, Half-yearly, Yearly

Terminal Illness Cover

50% of Sum Assured on Death is paid on diagnosis and all future premiums are waived off

Sum Assured on Death is payable on first occurrence of death or diagnosis with future premiums being waived off

Payout Options

Lump sum, Installments

Maturity Benefit

Plan variants 1-6: No maturity
Plan variants 7 & 8: Return of premiums paid

Fixed Term Cover: Maturity benefit equal to Guaranteed Sum Assured on maturity under the “With return of premiums” option is payable
Whole Life Cover: No maturity is available

Claim Settlement Ratio (2025-26)

98.86%

99.81%

Rider of Different Plans

ABSLI Accidental Death and Disability Rider

Get a lump sum amount in case of death or disability caused due to an accident.

ABSLI Critical Illness Rider

Get an additional payout on diagnosis of 4 specified illnesses.

ABSLI Surgical Care Rider

Cover your surgical expenses through the lump sum rider payout.

ABSLI Hospital Care Rider

Get paid daily cash benefit, ICU benefit and a lump sum amount for recovery in case of a hospital stay.

ABSLI Accidental Death Benefit Rider Plus

Add this rider for enhanced protection from accidental death.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

+On the basis of your profile

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 410/month (Rs.14/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age rounded off to nearest 10

+Rs. 245 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 15/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 504/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 494/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 636/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 918/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,286/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 453/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.582/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 786/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,592/month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.

+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.

+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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