ABSLI Life Shield Plan vs PNB MetLife POS Suraksha Plan

ABSLI Life Shield Plan

Premium starts ₹637/month

Claim Settlement Ratio

98.9%

PNB MetLife POS Suraksha Plan

Premium starts from ₹564/month

Claim Settlement Ratio

99.8%

LIC Plans-

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Tax saving under Sec 80C & 10(10D)^

Guaranteed maturity with life cover for securing family's future

Sovereign guarantee as per Sec 37 of LIC Act

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Insurance Partners

7.16 Crore

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We are rated⁺⁺

15.8 Crore

Registered Consumer

Insurance Partners

7.16 Crore

Policies Sold

Know More About Plans

ABSLI Life Shield Plan is an individual term plan that lets you choose from eight plan options: Level Term, Increasing Term, Decreasing Term and Return of Premium, each with or without a waiver of premium benefit. You can also cover your spouse under the same policy. Your family can receive the death benefit as a lump sum, or as a lump sum plus an annual income for 10 or 15 years, either fixed or increasing every year.

Here are some key features of this plan:

8 plan options available

Spouse Can Be Covered in the Same Policy

Inbuilt Terminal Illness Benefit

Three Ways to Receive the Death Benefit

Higher Cover at Marriage and Birth of a Child

Option to Get Premiums Back at Maturity

Comparison

Comparison between Plans

ABSLI Life Shield Plan

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PNB MetLife POS Suraksha Plan

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About Plan (9 Key Differences)

Key Features

8 plan options to choose from
Spouse can be included in the same policy
Option to enhance cover at key milestones

Avail tax benefits on premiums and benefits
Guaranteed payout benefits
100% return of premiums on maturity

Plan Entry Age

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

Policy term of 10 years: Premium paying term of 5 & 10 years: 18 - 55 years
Policy term of 15 years: Premium paying term of 10 & 15 years: 18 - 50 years

Plan Maturity Age

85 years

65 years

Plan Policy Term

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

Premium paying term of 5 & 10 years: 10 years
Premium paying term of 10 & 15 years: 15 years

Premium Paying Term

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

5 / 10 / 15 years

Plan Sum Assured

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

Minimum: Rs. 50,000
Maximum: Rs. 25,00,000 (in multiples of 50,000)

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

Not available

Premium Paying Frequency

Monthly, Quarterly, Half-yearly, Yearly

Monthly, Half-yearly, Yearly

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 crores

Not Available

Payout Options

Lump sum, Installments

Maturity Benefit

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

100% of the Total Premiums Paid

Claim Settlement Ratio (2025-26)

98.86%

99.81%

Rider of Different Plans

ABSLI Critical Illness Rider

Add this rider to get benefit at the time of diagnosis of any of the mentioned critical illnesses

ABSLI Surgical Care Rider

Add this rider for a payout to cover your surgery expenses.

ABSLI Hospital Care Rider

Add this rider to get daily cash benefits, ICU benefits and a lump sum amount for recovery during your hospital stay.

ABSLI Accidental Death Benefit Rider Plus

Add this rider to add protection against accidental death.

ABSLI Accidental Death and Disability Rider

Add this rider for added risk protection at the time of accidental death or permanent disability.

Different types of Plans

Term Insurance Plan

Life Insurance

TROP

Term Insurance For Senior Citizen

Term Insurance For Spouse

Term Insurance For Family

Term Insurance For NRI

List of Term Insurance In India

Life Insurance Corporation of India

What is Term Insurance?

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1 Crore Term Insurance

2 Crore Term Insurance

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment 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