ABSLI Life Shield Plan vs PNB MetLife Saral Jeevan Bima

ABSLI Life Shield Plan

Premium starts ₹637/month

Claim Settlement Ratio

98.86%

PNB MetLife Saral Jeevan Bima

Premium starts from ₹564/month

Claim Settlement Ratio

99.81%

₹1 Crore Life cover starting from ⁺

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is a non-linked term insurance plan that offers risk protection until the age of 85 years under 8 variants.Aditya Birla Sun Life Insurance Life Shield Plan provides single and regular premium paying terms with flexible policy terms. You can enhance protection by adding riders, adding your spouse to the policy and even enhance coverage at major life events.

Here are some key features of this plan:

8 plan options available

Policy term of 10 - 55 years

Terminal Illness benefit inbuilt

Single & limited premium paying options

100% return of premiums

Additional riders available

Comparison

Comparison Between Plans

Aditya Birla Sun Life Insurance Life Shield Plan

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PNB MetLife Saral Jeevan Bima

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About Plan (9 Key Differences)

Key Features

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

Tax saving benefit
Life cover from 5 lakh onwards
Multiple premium paying options

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

18 - 65 years

Plan Maturity Age

85 years

23 - 70 years

Policy Term

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

Single premium pay: 5 - 40 years
Limited premium pay of 5 years : 6 - 40 years
Limited premium pay of 10 years :11 - 40 years
Regular premium pay: 5 - 40 years

Premium Paying Term

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

Single Pay
Limited Pay – 5, 10 Years
Regular Pay

Plan Sum Assured

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

Minimum: Rs. 5,00,000
Maximum: Rs. 50,00,000

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

No plan variants

Plan Payment Modes

Monthly, Quarterly, Half-yearly, Yearly

Monthly (only for ECS/NACH ), Half-yearly, Yearly

Terminal Illness Cover

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

Not Available

Payout Options

Lump sum, Installments

Lump sum

Maturity Benefit

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

No Maturity Benefit

Claim Settlement Ratio

98.86%

99.81%

Rider of Different Plans

ABSLI Accidental Death and Disability Rider

Get an additional payout if death or disability is caused due to any accident.

ABSLI Critical Illness Rider

Get a lump sum amount on diagnosis of any 4 specified illnesses.

ABSLI Surgical Care Rider

A lump sum amount is paid to cover your surgical costs.

ABSLI Hospital Care Rider

Get paid daily benefit, ICU benefit and even a lump sum amount for recuperation during your 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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