Pnb Metlife
vs
Sbi Ulip Plans

  • Top life insurers to choose from
  • Multiple sum assured options
  • Choice of premium-payment term
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Pnb Metlife vs Sbi Ulip Plans

Pnb Metlife

PNB MetLife follows a philosophy called & 039;Circle of Life& 039; for products and solutions and caters to the financial requirements of customers.

Sbi Ulip Plans

To cater to your wealth creation needs, SBI comes up with 8 ULIP plans. Unit Linked Insurance plans are an investment-cum-life insurance policies.

COMPANY DETAILS Edit PNB MetLife India Insurance

Pnb Metlife

Edit SBI ULIP Plans

Sbi Ulip Plans

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

8785.21 Cr

Annual Premiums Collected (2023-24)

Rs 1 lakh to No limit
Payout Options

Payout Options

Lump sum, regular frequencies or a combination of both

Payout Options

-
Claim ratio

Claim ratio

99.06%

Claim ratio

Minimum Age- 14 year%
Solvency Ratio

Solvency Ratio

1.9

Solvency Ratio

70 years
Branches

Branches

120+

Branches

Annual, half-yearly,
Riders Available

Riders Available

Accidental Death Benefit Rider, Terminal Illness Rider, Waiver of Premium Rider, Critical Illness Rider

Riders Available

10 to 30 years
Policy Term

Policy Term

5 to 40 years

Policy Term

10 to 30 years

Know More About Companies

Overview

PNB MetLife Insurance: Overview

PNB Metlife Insurance commenced its operations in 2001. PNB MetLife follows a philosophy called 'Circle of Life' for products and solutions. It caters to customers' financial requirements covering their 4 different stages of life - children's education, family protection, long-term savings, and retirement. PNB Metlife came into existence in 2001 and continues to be profitable. The company is a joint venture between MetLife International Holdings LLC (MIHL), Jammu and Kashmir Bank Limited (JKB), Punjab National Bank Limited (PNB), M. Pallonji and Company Private Limited, and other private financial backers, MIHL and PNB being the majority shareholders. PNB Metlife Insurance has a robust operating network through multi-channel distribution with bancassurance, agency, and direct channels; PNB MetLife is present in 117 locations across the country with access to over 206 million customers in 15,000 locations through its strong bank partnerships with PNB, JKB, KBL, and other bank partners.

PNB Metlife Insurance ensures to look after your insurance needs by offering:

why-choose
  • Variety of plans

  • Multiple options to purchase

  • Affordable premiums

  • Good customer support

  • Tax benefits
 

Riders

Riders You Can Avail With PNB MetLife Life Insurance Plans

Name of the Rider Benefits
PNB MetLife Accidental Death Benefit Rider This rider provides an additional amount in case of the policyholder’s unfortunate death due to an accident.
PNB MetLife Terminal Illness Rider This rider offers additional benefits in case the policyholder is diagnosed with any of the terminal illnesses mentioned in the brochure.
PNB MetLife Waiver of Premium Rider This rider ensures that future due premiums are waived in case of total and permanent disability of the life assured. The benefit can be purchased by paying a nominal extra premium over and above the base premium.
PNB MetLife Critical Illness Rider The rider plan provides payment of an additional amount on the diagnosis of any of the 10 critical conditions mentioned in the policy document. This plan acts as an additional health cover under the base policy, where rider term and sum assured options are available to provide coverage as per your needs.

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To cater to your wealth creation needs, SBI comes up with 8 ULIP plans. Unit Linked Insurance plans are an investment-cum-life insurance policies.

SBI Ulip Plans Plans

SBI Ulip Plans

SBI Insurance company has been serving the finest insurance products to their customers, such as life insurance, health insurance, motor insurance, or...

Unique Features

  • 9 Investment Fund Choices
  • Switching Option Available
  • Surrender Policy Anytime

SBI Smart Elite Plan (Pros)

SBI Smart Elite Plan
  • 9 Investment Fund Choices
  • Switching Option Available
  • Surrender Policy Anytime

SBI Smart Elite Plan (Cons)

SBI Smart Elite Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Smart Elite Plan (Other Benefits)

SBI Smart Elite Plan
  • Death Benefits
  • Maturity Benefits
  • Fund Switching

SBI Smart Elite Plan (Eligibility Criteria)

SBI Smart Elite Plan
  • Minimum entry age- 18 years
  • Maximum entry age- 60 years
  • Maximum sum assured- 105% of premiums
  • Maximum policy term- 30 years

SBI Ulip Plans

SBI Life Smart Wealth Builder is an individual, unit-linked, and non-participating life insurance plan. It comes out with a dual benefit of insurance ...

Unique Features

  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal

SBI Life Smart Wealth Builder (Pros)

SBI Life Smart Wealth Builder
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Additions

SBI Life Smart Wealth Builder (Cons)

SBI Life Smart Wealth Builder
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Life Smart Wealth Builder (Other Benefits)

SBI Life Smart Wealth Builder
  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal

SBI Life Smart Wealth Builder (Eligibility Criteria)

SBI Life Smart Wealth Builder
  • Minimum entry age- 7 years
  • Maximum entry age- 55 years
  • Maximum sum assured- 10* Annualized Premium
  • Maximum policy term- 30 years

SBI Ulip Plans

SBI Life Saral Maha Anand is a unit-linked non-participating life insurance product that offers growth opportunities through capital market participat...

Unique Features

  • Accidental Death Rider Benefits
  • Availability of 3 Fund Options
  • No medical Examination Required

SBI Saral Maha Anand (Pros)

SBI Saral Maha Anand
  • Guaranteed Additions of up to 30%
  • Requires no medical examination
  • Flexibility to choose from 3 fund options

SBI Saral Maha Anand (Cons)

SBI Saral Maha Anand
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Saral Maha Anand (Other Benefits)

SBI Saral Maha Anand
  • Accidental Death Rider Benefits
  • Availability of 3 Fund Options
  • No medical Examination Required

SBI Saral Maha Anand (Eligibility Criteria)

SBI Saral Maha Anand
  • Minimum entry age- 18 years
  • Maximum entry age- 55 years
  • Minimum sum assured- Rs 10* AP
  • Maximum sum assured- Higher of 20 x annualized premium
  • Maximum policy term- 30 years
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.