Tata Aia Life vs Pnb Investment

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Tata Aia Life vs Pnb Investment

Tata Aia Life

TATA AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. TATA Sons holds a majority of stake at 74%, and AIA holds 26%.

Pnb Investment

PNB Met Life Savings and Investment Plan provides the benefits of an insurance cover as well as a market-linked investment allowing the flexibility to invest in equity or debt funds, depending on the investor& 039;s risk appetite.

COMPANY DETAILS Edit TATA AIA Life Insurance

Tata Aia Life

Edit PNB Metlife Investment Plans

Pnb Investment

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

Annual Premiums Collected (2023-24)

445.03 Cr

Annual Premiums Collected (2023-24)

Rs 1.5 lakhs to No limit
Payout Options

Payout Options

Lump sum, monthly or a combination of both

Payout Options

-
Claim ratio

Claim ratio

99.01%

Claim ratio

Minimum Age - 3 year%
Solvency Ratio

Solvency Ratio

1.9.

Solvency Ratio

80 years
Branches

Branches

317+

Branches

Annually, quarterly,
Riders Available

Riders Available

Waiver of Premium Rider, Accidental Death Rider, Accidental Disability Rider, Critical Illness Rider

Riders Available

Minimum term - 6 years Maximum term - 30 years
Policy Term

Policy Term

10 to 40 years

Policy Term

5 to 10 years

Know More About Companies

Overview

Tata AIA Life Insurance: Overview

TATA AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. TATA Sons holds a majority stake of 74%, and AIA holds 26%. TATA Life Insurance provides a diverse variety of insurance products to people, groups, and enterprises of all sorts, and is one of India's largest private-sector insurers, supplying life, health, and group insurance to its clients. To cater to the different insurance needs, TATA AIA Life Insurance Company Ltd. deals in multiple life insurance segments such as protection plans, wealth plans, child plans, savings plans, group plans, micro-insurance plans, and more. Tata AIA Life combines Tata's pre-eminent leadership position in India and AIA's presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life started its operations on April 1, 2001. For the financial year 2022-23, the total premium income of Tata AIA Life increased to Rs. 14,445.03 crores, a growth of 34%. With a claim settlement ratio of 99.01% and varied term plans to choose from for the financial protection of your family, Tata AIA Life is amongst the most trusted insurers.

Tata Insurance Plans ensures to look after your insurance needs by offering:

why-choose
  • Excellent claim support

  • Easy claim processing

  • Pocket-friendly premiums

  • Lifetime Payout

  • Tax benefits

 

Riders

Riders You Can Avail With TATA AIA Life Insurance Plans

Name of the rider Benefits
Tata AIA Waiver of Premium Rider It will waive all future premiums and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of critical illness.
Tata AIA Accidental Death Rider Offers financial help to your dependents in addition to base policy benefits in case of the policyholder’s death due to an accident.
Tata AIA Accidental Disability Rider This rider offers financial benefits in case the policyholder becomes partially or totally disabled due to an accident.
Tata AIA Critical Illness Rider In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.

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PNB Met Life Savings and Investment Plan provides the benefits of an insurance cover as well as a market-linked investment allowing the flexibility to invest in equity or debt funds, depending on the investor& 039;s risk appetite.

Investment Plan Plans

Investment Plan

PNB Century Plan provides you with whole-life (up to 100 years of age) coverage and income. This investment plan offers survival benefits if you outli...

Unique Features

  • Multiple plan options
  • Bonuses
  • Flexible income pay

PNB MetLife Century Plan (Pros)

PNB MetLife Century Plan
  • Guaranteed cash bonuses
  • Multiple income options
  • Waiver of premiums on demise

PNB MetLife Century Plan (Cons)

PNB MetLife Century Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

PNB MetLife Century Plan (Other Benefits)

PNB MetLife Century Plan
  • Death benefits
  • Maturity benefits
  • Tax benefits

PNB MetLife Century Plan (Eligibility Criteria)

PNB MetLife Century Plan
  • Minimum entry age- 30 days
  • Maximum entry age- 65 years
  • Minimum sum assured- Rs 2.4 lakhs
  • Maximum sum assured- No limit
  • Maximum policy term- 100 minus entry age

Investment Plan

Mera Wealth Plan is a ULIP (Unit Linked Life Insurance Plan) that covers your family financially if something happens to you and gets good returns on ...

Unique Features

  • Loyalty additions
  • Dual benefits
  • Partial withdrawals

PNB Metlife Mera Wealth Plan (Pros)

PNB Metlife Mera Wealth Plan
  • Loyalty additions
  • Dual benefits
  • Partial withdrawals

PNB Metlife Mera Wealth Plan (Cons)

PNB Metlife Mera Wealth Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

PNB Metlife Mera Wealth Plan (Other Benefits)

PNB Metlife Mera Wealth Plan
  • Premium discontinuance
  • Death benefits
  • Maturity benefits

PNB Metlife Mera Wealth Plan (Eligibility Criteria)

PNB Metlife Mera Wealth Plan
  • Minimum entry age- 30 days
  • Maximum entry age- 60 years
  • Minimum sum assured- Rs 50 lakhs
  • Maximum sum assured- No limit
  • Maximum policy term- 30 years

Investment Plan

Save more with PNB MetLife Super Saver Plan: protect your family in your absence. PNB MetLife Super Saver plan is a long-term savings and family prote...

Unique Features

  • Waiver of Premium
  • Yearly Cash Bonuses
  • Choice of Plan Options

PNB Metlife Super Saver Plan (Pros)

PNB Metlife Super Saver Plan
  • Waiver of Premium
  • Yearly Cash Bonuses
  • Choice of Plan Options

PNB Metlife Super Saver Plan (Cons)

PNB Metlife Super Saver Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

PNB Metlife Super Saver Plan (Other Benefits)

PNB Metlife Super Saver Plan
  • Maturity Benefits
  • Tax Benefits
  • Death Benefits

PNB Metlife Super Saver Plan (Eligibility Criteria)

PNB Metlife Super Saver Plan
  • Minimum entry age- 0 years
  • Maximum entry age- 60 years
  • Minimum sum assured- Rs 220000
  • Maximum sum assured- No limit
  • Maximum policy term- 20 years

Investment Plan

To Save More, Invest Smartly with the PNB Met Life Bachat Yojana. PNB MetLife Bachat Yojana plan is a long-term saving plan with the benefit of assure...

Unique Features

  • Long-term Saving Plan
  • Earn Cash Bonuses Yearly
  • Lower Premiums

PNB MetLife Bachat Yojana (Pros)

PNB MetLife Bachat Yojana
  • Death Benefit
  • Survival Benefit
  • Maturity Benefit

PNB MetLife Bachat Yojana (Cons)

PNB MetLife Bachat Yojana
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

PNB MetLife Bachat Yojana (Other Benefits)

PNB MetLife Bachat Yojana
  • Comprehensive Protection
  • Flexibility
  • Availability of Riders

PNB MetLife Bachat Yojana (Eligibility Criteria)

PNB MetLife Bachat Yojana
  • Minimum entry age- 20 years
  • Maximum entry age- 60 years
  • Minimum sum assured- Rs 64800
  • Maximum sum assured- 5 lakhs
  • Maximum policy term- 15 years

PNB Metlife Investment Plans Plans

PNB Metlife Investment Plans

PNB MetLife Guaranteed Savings Plan is an individual, non-participating, non-linked savings plus life insurance policy. By serving dual purposes of cr...

Unique Features

  • Get guaranteed Benefits & Yearly Bonuses on Your Savings
  • Rebates on High Sum Assured
  • 2 Add-on Riders Available

PNB Metlife Guaranteed Savings Plan (Pros)

PNB Metlife Guaranteed Savings Plan
  • Maturity Benefits
  • Death Benefits
  • Discount on High Sum Assured

PNB Metlife Guaranteed Savings Plan (Cons)

PNB Metlife Guaranteed Savings Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

PNB Metlife Guaranteed Savings Plan (Other Benefits)

PNB Metlife Guaranteed Savings Plan
  • Yearly Bonuses
  • High Sum Assured Rebates
  • Additional Riders

PNB Metlife Guaranteed Savings Plan (Eligibility Criteria)

PNB Metlife Guaranteed Savings Plan
  • Minimum entry age- 3 years
  • Maximum entry age- 60 years
  • Minimum sum assured- Rs 150000
  • Maximum sum assured- Rs 400000
  • Maximum policy term- 20 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.