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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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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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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
  • 98.32%
  • 100%
No. of Branches
  • 107
  • 277
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