Compare pnb metlife mera term plan plus vs max life smart term plan
Compare pnb metlife mera term plan plus vs max life smart term plan
Mera Term Plan-Life
₹1,087/month
Max Coverage Upto
80 yrs
Claim Settlement Ratio
99.06%
Average Claim Trend
98.19%
VS
Smart Secure Plus
₹1,017/month
Max Coverage Upto
85 yrs
Claim Settlement Ratio
99.51%
Average Claim Trend
99.4%
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The Policybazaar Advantage
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.
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.
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.
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.
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.
PNB MetLife Mera Term Plan Plus Vs Max Life Smart Term Plan
Compare pnb metlife mera term plan plus vs max life smart term plan
Mera Term Plan-Life₹ 1087monthly
Smart Secure Plus₹ 1017monthly
Max Coverage Upto
80 Years
85 Years
Claim Settlement Ratio Death claims settled in a financial year
99.06 %
99.51 %
Average Claim Trend Last 3 Years Average Claim Ratio
98.19%
99.4%
Death Claim Paid Claim amount paid in FY21-22 on Death claims
670 Crores
2009 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
5/10/12/15 years
Pay till 60 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
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
2002
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
2.04
Grievances SolvedGrievances are the indicator of how good company is handling their customer's query