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ICICI Pru iProtect Smart Life Insurance Vs PNB MetLife Mera Term Plan Plus

Plan Comparison

  • Plan Details
  • Insurer Details
  • Addons Details
  • Plan Name

  • iProtect Smart

  • Mera Term Plan Plus

  • Premium

  • ₹704/Month
    View plan details
  • ₹690/Month
    View plan details
  • Online Discount

    Discount available when policy is purchased online
  • 5.0% Online Discount
  • N/A
  • Claim Settlement Ratio

    Death claims settled in a financial year
  • 97.9%
  • 98.2%
  • Issuance Time

    Number of days in which the policy will get issued to you after payment
  • 7 Days
  • 10 Days
  • Max Coverage Upto

  • 99 Yrs
  • 99 Yrs
  • Medical Type

  • Tele Medical
  • Tele Medical
  • Free Look Period

  • 30 Days
  • 30 Days
  • Tax Benefit

    Receive tax benefits u/s 80C and 10(10D), as per the applicable Income Tax laws
  • Yes
  • Yes
  • Limited Pay Available

  • Yes Pay for 5/10/12/Policy Term - 5 years
  • Yes Pay for 5/10/12/Policy Term - 5 years
  • Insurer

  • ICICI Prudential

  • PNB Met Life

  • Inception Year

  • 2000
  • 2001
  • Solvency Ratio

    The solvency ratio of the insurance company is the size of its capital against the all risk it has taken. It is an indicator of the insurance company's long-term survival
  • 2.26
  • 1.94
  • Grievances Solved

    Grievances are the indicator of how good company is handling their customer's query
  • 99.97%
  • 98.32%
  • Claim Complaints Ratio

    No. of Claim Complaints per 10,000 claims registered
  • 13
  • 23
  • No. of branches

  • 511
  • N/A
  • Insurer

  • ICICI Prudential

  • PNB Met Life

  • Waiver Of Premium On Disability

    In case of permanent disability, all future premiums are paid by the company on your behalf.
  • Free
  • Available
  • Death due to Accident Benefit

    If death happens due to an accident, this rider offers you additional sum assured over and above the base sum assured
  • Available
  • Available
  • Disability due to Accident

    Incase of permanent disability, dismemberment (loss of the use of certain body parts) due to accident, this rider pays you regularly for next 5-10 yrs in a certain percentage of Sum Assured.
  • No
  • Available
  • Terminal Illness

    Death benefit of the life assured shall be paid upon diagnosis of a Terminal Illness
  • Free
  • Available
  • Enhanced Critical Illness

    Covers 10 or more illness
  • Available
  • Available
Written By: PolicyBazaar - Updated: 26 February 2021
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