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Compare pnb metlife mera term plan plus vs hdfc life click 2 protect life

Compare pnb metlife mera term plan plus vs hdfc life click 2 protect life
Mera Term Plan-Life
₹1,087/month
Max Coverage Upto
80 yrs
Claim Settlement Ratio
99.06%
Average Claim Trend
98.19%
VS
Click 2 Protect Life Option Super
₹1,181/month
Max Coverage Upto
85 yrs
Claim Settlement Ratio
99.5%
Average Claim Trend
99.18%
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Compare pnb metlife mera term plan plus vs hdfc life click 2 protect life
Mera Term Plan-Life ₹ 1087monthly
Click 2 Protect Life Option Super ₹ 1181monthly
Max Coverage Upto
  • 80 Years
  • 85 Years
Claim Settlement Ratio Death claims settled in a financial year
  • 99.06 %
  • 99.5 %
Average Claim Trend Last 3 Years Average Claim Ratio
  • 98.19%
  • 99.18%
Death Claim Paid Claim amount paid in FY21-22 on Death claims
  • 670 Crores
  • 1390 Crores
Online Discount Discount available when policy is purchased online
  • NA
  • 1 % Off
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

    5/6/7/8.../Policy Term - 1 Years

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
  • 24hr claim settlement
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
  • 2000
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
  • 1.9
Grievances SolvedGrievances are the indicator of how good company is handling their customer's query
  • 98.32%
  • 99.85%
No. of Branches
  • 107
  • 489
View complete comparison
Want to compare different insurance plans?

What Is The PNB MetLife Mera Term Plan Plus?

PNB MetLife Mera Term Plan Plus is a comprehensive term plan that ensures life cover for your loved ones in the case of your unfortunate death. You have the option to include coverage for your spouse in the same plan. Additionally, you can choose to receive your premiums back if you survive until the end of the policy term or customize your plan with coverage enhancement options.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

What Are The Key Features Of PNB MetLife Mera Term Plan Plus?

PNB MetLife Mera Term Plan Plus is one of the best term insurance plans available in the current times. Below mentioned are its key feature:

  • Choose your payment method based on your needs:

    • Pay for a limited period (5, 10, 15, 20 years) or until age 60.

    • Pay once for complete protection throughout the term.

    • Pay regularly throughout the policy term.

  • Decide on the coverage duration: Stay protected for your entire life (coverage up to age 99) or choose a specific term.

  • Select the type of protection:

    • Life: Coverage against death.

    • Life Plus: Coverage against death, terminal illness, with future premiums waived upon accidental permanent disability or diagnosis of critical illnesses.

    • Life Plus Health: Coverage against death, terminal illness, with future premiums waived upon accidental permanent disability or diagnosis of critical illnesses, along with an accelerated lump sum on the diagnosis of critical illnesses.

  • Customize your plan with additional options:

    • 'With Return of Premium' option to receive premiums back on survival until maturity.

    • 'Spouse Coverage' to protect your spouse within the same plan.

  • Enhance your protection with 'Cover Enhancement Options' to adjust your life cover as you progress in life.

  • Choose your benefit payout option:

    • Lump sum: Receive the benefit as a one-time payment.

    • Monthly Income: Receive a level monthly income for 10 years.

    • Lump sum plus Monthly Income: Receive a part of the benefit as a lump sum and the rest as a level monthly income for 10 years.

  • Enhance your coverage through 4 riders:

    • PNB MetLife Serious Illness Ride

    • PNB MetLife Accidental Disability Benefit Rider

    • PNB MetLife Accidental Death Benefit Rider Plus

    • PNB MetLife Critical Illness Rider

  • Enjoy tax benefits as per the existing tax laws.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

What Is The HDFC Life Click 2 Protect Life Plan?

The HDFC Life Click 2 Protect Life Plan is designed to provide benefits that match your changing lifestyle and specific requirements, ensuring you and your loved ones are financially protected. With 3 plan options and the added benefit of Waiver of Premium upon diagnosis of Critical Illness, you can now cover higher life risks at affordable premiums.

What Are The Key Features Of The HDFC Life Click 2 Protect Life Plan?

Below mentioned are the key features of the HDFC Life Click 2 Protect Life Plan:

  • 3 Plan Options to choose from:

    • Life & CI Rebalance: This option provides a balanced coverage between Death and Critical Illness benefits as you progress through life. Critical Illness coverage increases annually, while the Life Cover decreases accordingly. Additionally, if any covered Critical Illness is detected, all future premiums are waived, and the Life Cover continues.

    • Life Protect: With this option, a lump sum payment is provided upon the death of the insured individual.

    • Income Plus: Under this option, the Life Assured is covered for the entire policy term and also receives a lump sum payout upon maturity, along with regular income starting from age 60.

  • Offers comprehensive financial protection for your family

  • Choose a plan option that suits your specific needs from the three available

  • Automatically adjusts Death and Critical Illness benefits as you age

  • Receive your income payouts from the age of 60 with the Income Plus Option.

  • Option to have coverage for the whole of life.

  • Get all premiums paid back on survival until maturity with the Return of Premium option.

  • Premiums are waived off upon the diagnosis of Critical Illness (through the WOP CI option).

  • Additional Sum Assured on Accidental Death (through the ADB option).

  • Special premium rates available for females and non-tobacco users.

  • Enjoy tax benefits under the ITA, 1961.

What Is The Comparison Between The Eligibility Criteria Of The PNB MetLife Mera Term Plan Plus and HDFC Life Click 2 Protect Life Plans?

Below mentioned is a comparison of the eligibility criteria of the PNB MetLife Mera Term Plan Plus and HDFC Life Click 2 Protect Life Plans:

Parameters (Min. to Max.) PNB MetLife Mera Term Plan Plus HDFC Life Click 2 Protect Life
Entry Age 18 years to 60 years 18 years to 65 years
Maturity Age 80 years 85 years
Policy Term 10 years to 49 years 5 years to 67 years
Sum Assured Rs. 50 Lakhs to 1 Crore Rs. 50 Lakhs to 20 Crores
Premium Payment Modes Monthly,Half-yearly, Annually Monthly,Quarterly, Half-yearly, Annually

Wrapping It Up!

It is always wise to compare your term insurance plans before you buy them. This way, you will know which plan better suits your requirements and life goals. Policybazaar allows you to compare and choose the best plan from amongst 15+ term plans, thus, ensuring that your loved ones’ financial security is not hampered.

FAQ's

  • What are the plan options available in the HDFC Life Click 2 Protect Life Plan?

    Ans: There are three plan options available in the HDFC Life Click 2 Protect Life Plan are Life & CI Rebalance, Life Protect, and Income Plus.
  • How does the Life & CI Rebalance rider work in the HDFC Life Click 2 Protect Life Plan?

    Ans: The Life & CI Rebalance rider in the HDFC Life Click 2 Protect Life Plan provides a balance between Death and Critical Illness benefits. Critical Illness coverage increases each year, while the Life Cover decreases. Premiums are waived on the diagnosis of covered Critical Illnesses.
  • Are there tax exemptions in the PNB MetLife Mera Term Plan Plus and HDFC Life Click 2 Protect Life Plans?

    Ans: Yes, tax exemptions are available in the PNB MetLife Mera Term Plan Plus and HDFC Life Click 2 Protect Life Plans under the ITA, 1961.
  • Which riders are available in the PNB MetLife Mera Term Plan Plus?

    Ans: The riders available in the PNB MetLife Mera Term Plan Plus are PNB MetLife Serious Illness Ride, PNB MetLife Accidental Death Benefit Rider Plus, PNB MetLife Critical Illness Rider and PNB MetLife Accidental Disability Benefit Rider.

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