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Compare Pnb Met Life Vs Sbi Life

Mera Term Plan-Life
₹1,087/month
Max Coverage Upto
80 yrs
Claim Settlement Ratio
99.06%
Average Claim Trend
98.19%
VS
eShield Next - Level Cover
₹1,164/month
Max Coverage Upto
85 yrs
Claim Settlement Ratio
97.05%
Average Claim Trend
95.73%
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The Policybazaar Advantage
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Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
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100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
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Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
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Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
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Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Compare pnb met life vs sbi life
Mera Term Plan-Life ₹ 1087monthly
eShield Next - Level Cover ₹ 1164monthly
Max Coverage Upto
  • 80 Years
  • 85 Years
Claim Settlement Ratio Death claims settled in a financial year
  • 99.06 %
  • 97.05 %
Average Claim Trend Last 3 Years Average Claim Ratio
  • 98.19%
  • 95.73%
Death Claim Paid Claim amount paid in FY21-22 on Death claims
  • 407 Crores
  • 1676 Crores
Online Discount Discount available when policy is purchased online
  • NA
  • NA
Premium Payment Option
  • Regular Pay

    Pay For : entire policy term

    5/10/15/20 years

    Pay till 60 years of age

  • Regular Pay

    Pay For : entire policy term

    5/7/10/15/20/25/Policy Term - 5 years

    Pay till 100 years of age

Return of Premium PlanPay & get entire amount on maturity
  • View Plans
  • View Plans
Free Look PeriodPeriod of time in which a new life insurance policy owner can terminate the policy (deductions applicable basis T&C)
  • 30 days
  • 30 days
Tax BenefitReceive tax benefits u/s 80C and 10(10D), as per the applicable Income Tax laws
  • Yes
  • Yes
  • Plan Features
Claim Settlement Promise
  • 3hr claim settlement
  • NA
Terminal IllnessDeath benefit of the life assured shall be paid upon diagnosis of a Terminal Illness.
  • Free(As an add-on)
Death Due To AccidentIf death happens due to an accident, this rider offers you additional sum assured over and above the base sum assured
Disability Due To AccidentIn case 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
Critical IllnessCover 9 or fewer illness
  • NA
Cash For HospitalizationIn case of hospitalization, fixed per day benefit will be paid to you for each day of Hospitalization. This is a fixed amount not linked to the actual expenses incurred.
  • NA
  • NA
  • Insurer Details
Inception
  • 2001
  • 2001
Solvency RatioThe 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
  • 1.87
  • 2.1
Grievances SolvedGrievances are the indicator of how good company is handling their customer's query
  • 98.32%
  • 100%
No. of Branches
  • 107
  • 952
View complete comparison
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Term Plan Comparison

Term insurance is essential because it provides financial security for your loved ones in case of your untimely death. It ensures they can cover expenses like loans, education, and daily living costs, even in your absence. Comparing term insurance policies from different insurers helps you find the best coverage at the most affordable price, tailored to your specific needs.

When comparing term insurance policies from two of the top Indian insurers like Pnb Met And Sbi Life Insurance, consider factors like the premium amounts, the sum assured, and the policy tenure. Look at the claim settlement ratios to understand how reliable each insurer is in paying out claims. Additionally, check for any riders or additional benefits offered, such as critical illness rider or accidental death benefits.

To simplify this process, you can use Policybazaar's comparison tool. This tool allows you to quickly and conveniently compare various term insurance policies side-by-side. It highlights key differences, benefits, and costs, helping you make an informed decision without the hassle of manually researching each policy. By using Policybazaar's comparison tool, you save time and ensure you choose the best term insurance policy that fits your financial goals and provides peace of mind for your family's future.


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