ABSLI Life Shield Plan vs PNB MetLife Loan and Life Suraksha Plan

ABSLI Life Shield Plan

Premium starts ₹637/month

Claim Settlement Ratio

98.86%

PNB MetLife Loan and Life Suraksha Plan

Premium starts from ₹564/month

Claim Settlement Ratio

99.8%

₹1 Crore Life cover starting from ⁺

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth (DD/MM/YYYY)

Mobile Number

Check Your Premium Now

By continuing you agree to receive assistance and agree to our Privacy Policy , Terms of use & +Disclaimer

Know More About Plans

ABSLI Life Shield Plan is an individual pure protection term insurance plan with 8 distinct options to suit your needs. It offers a terminal illness benefit and a waiver of premiums in case of disability or death. You have the option to enhance your life cover at key milestones, such as marriage and childbirth. You can even get your payout as a lump sum, fixed income, or increasing income annually. This policy also offers an inbuilt terminal illness benefit for added protection.

Here are some key features of this plan:

100% return of premiums on maturity

Waiver of Premiums

Add spouse to same plan

Enhance coverage

Flexible policy term and premium frequency

Comparison

Comparison Between Plans

Aditya Birla Sun Life Insurance Life Shield Plan

Check Premium

PNB MetLife Loan and Life Suraksha Plan

Check Premium

About Plan (9 Key Differences)

Key Features

Choose from 8 plan options
Add spouse for added benefits
Get premiums back on maturity

Group life insurance plan of at least 50 member
Increase sum assured on increasing loan amount
Add your spouse or two more lives to the same plan

Plan Entry Age

Variants 1, 3, 5, 7: 18 to 65 years
Variants 2, 4, 6, 8: 18 to 50 years

Minimum: 15 years
Maximum: 65 years

Plan Maturity Age

85 years

70 years

Plan Group Size

Individual

Minimum: 50 Lives
Maximum: No Limit

Plan Policy Term

Variants 1 - 6: 10 - 55 Years
Variants 7 & 8: 20 - 55 years

Minimum:
Single Pay: 2 years
5 Pay: 5 years
10 Pay: 10 years

Maximum:
Single Pay: 25 years
5 Pay: 25 years
10 pay: 30 years

Premium Paying Term

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

Single Pay: 5 years
Limited Pay: 5 or 10 years

Plan Sum Assured

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

Sum assured per member:
Minimum: Rs. 10,000
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

Reducing cover option
Level cover option

Premium Paying Frequency

Monthly, Quarterly, Half-yearly, Yearly

Single Pay, Monthly & Payroll saving program, Quarterly, Half-yearly, Yearly

Income Payout Term

For variants 1 & 2: Fixed annual income or Increasing annual income is paid for 10 or 15 years

Not Available

Terminal Illness Sum Assured

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

Maximum TI: 2.5 crore

Not Available

Payout Options

Lump sum, Installments

Lump sum

Maturity Benefit

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

Not Available

Claim Settlement Ratio (2025-26)

98.86%

99.8%

Riders of Different Plans

ABSLI Critical Illness Rider

Get a lump sum payout on diagnosis of any critical illness as specified.

ABSLI Surgical Care Rider

Get a lump sum assured to cover your surgery costs.

ABSLI Hospital Care Rider

Get daily cash benefits and ICU benefits with a lump sum amount for recuperation during your hospital stay.

ABSLI Accidental Death Benefit Rider Plus

Get the rider payout in case of accidental death.

ABSLI Accidental Death and Disability Rider

Get a lump sum payout in case of death or permanent disability due to an accident.

Explore the popular searches and stay informed

˜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 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.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.