Today we are going to have a brief comparison between PNB MetLife Mera Term Plan vs Max Life Online Term Plan Plus the both are very good Term Insurance plans, Both Insurer have claim ratios and settlements percentages with very good scores. We will try to make a face-to-face PNB MetLife Mera Term Plan vs Max Life Online Term Plan Plus fight and try to find the best for your needs, please be make sure that you are the prime decision maker while buying the Term insurance, do your best research before making any decisions and be responsible for your decisions.
We have previously written about Max Life Online Term Plan Plus Full Review if you have interested in reading about Max Life Online Term Plan Plus Term plan then also considered to read here, so you can bang your research.
In Max Life Online Term Plan Plus insurance policy has three variants which we will discuss further.
- BASIC LIFE COVER
- BASIC LIFE COVER + MONTHLY INCOME
- BASIC TERM LIFE COVER + INCREASING MONTHLY INCOME
PNB MetLife Mera Term Plan also offer four customizable protection plans which gives you the flexibility to choose from four payout options and also offers coverage for your spouse in the same policy.
- Full Lump Sum Payout
- Payout as Lump Sum + Regular Monthly Income
- Payout as Lump Sum + Increasing Monthly Income
- Payout as Lump Sum + Regular Monthly Income till child turns 21
With PNB MetLife Mera Term Plan, additional rider protection is available for :-
- Accidental Death cover
- Accidental Disability cover
- Cancer & Heart Attack cover
- 10 Serious Illnesses cover
With the choice of Base Sum Assured and Policy Term you can also choose additional features. These will give you additional benefits in case of certain events during your lifetime. If you are willing to optin into PNB MetLife Mera Term Plan for 1 Crore Family Protection Cover with policy term of 30 year’s Calculated premium cost is Rs: 7,440 / Annually.
To calculate and customized age and term of your plan visit here PNB MetLife Mera Term Plan premium calculator
PNB MetLife Insurance Claims Settlement Ratio for the last 6 years as follows. 2019
|83.87 %||90.24 %||92.86 %||85.36 %||87.14 %||91.12 %|
This is based solely on the information published by the Insurance Regulatory & Development Authority of India (IRDAI) .