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Future Generali Term vs Pnb Metlife Term Insurance

COMPANY DETAILS

Future Generali Term

Pnb Metlife Term Insurance

Rating	Rating 4.6	Rating 4.6
Number of term insurance plans and add-ons	No. of Plans 1	No. of Plans 7
Annual Premiums Collected (2024-25)	Annual Premiums Collected (2024-25) Rs 2510.85 crores	Annual Premiums Collected (2024-25) 7552.39 Cr
Payout Options	Payout Options Lump sum, monthly, or a combination of both	Payout Options Lump sum, monthly, or a combination of both
Claim ratio	Payout Options 99.78%%	Payout Options 99.57%%
Solvency Ratio	Solvency Ratio 1.70	Solvency Ratio 1.72
Pan India Presence	Pan India Presence 100+	Pan India Presence 15000+
Riders Available	Riders Available Accidental Death Benefit Rider, Accidental Total Permanent Disability Protection Rider, Critical Illness Benefit Rider, Accidental Death and Dismemberment Rider.	Riders Available Accidental Death Benefit Rider, Terminal Illness Rider, Waiver of Premium Rider, Critical Illness Rider
Policy Term	Policy Term 5 to 30 years	Policy Term 5 to 40 years
Inception year	Inception year 2006	Inception year 2001
Complaint ratio per ₹1 crore of premium collected	Complaint ratio per ₹1 crore of premium collected 0.183	Complaint ratio per ₹1 crore of premium collected 0.14
Average claim settlement time	Average claim settlement time 15 days	Average claim settlement time 15 days
IRDAI registration number	IRDAI registration number 133	IRDAI registration number 117
Awards and recognitions	Awards and recognitions "Company of the Year" (Mid Segment) at Navabharat BFSI Awards 2022, Stevie Awards for customer service, and ASSOCHAM awards.	Awards and recognitions Best Workplaces (2024, 2025) Best Brand Award 2024 by Economic Times National Award for Excellence in BFSI for Best Marketing Campaign (2024)
Recommended Videos	Secure Your Future with Future Generali Term Insurance Plans!

Overview

Future Generali Term Insurance: Overview

Future Generali Life Insurance is a joint venture between Future Group and Generali Group, offering term insurance plans designed to provide financial security and high life cover. With over 3 million policies sold and strong claim support, it is a well-established insurer in India.

The company was incorporated in September 2007 to provide retail, commercial, personal, and rural insurance solutions to individuals and corporations to help them manage and mitigate risks. Future Generali also offers health insurance for pets, in addition to covering family members.

Future Generali offers a variety of term insurance plans that protect your loved ones. The company has total assets under management of ₹5,300 crores, over 3 million policies sold across India, and over 2.6 lakh claims settled annually.

Future Generali offers 5 online term insurance plans: Care Plus, Saral Jeevan Bima, Express Term Life, Flexi Online Term, and Jan Suraksha. Each plan has unique benefits and features designed to serve different objectives.

Key Benefits:

Stay protected against 34 critical illnesses
Tax benefits under Section 80C or 10(10D)
Avail high sum assured discount
Get life cover at affordable premiums
Special premium rates for women
Increasing Income Protection
Monthly income benefit

Riders

Riders You Can Avail With Future Generali Term Insurance Plans

Here are the riders that you can avail with Future Generali term insurance plans:

Name of the rider	Benefits
Future Generali Accidental Death Benefit Rider	This optional rider provides an additional sum assured payout in case of accidental death.
Future Generali Accidental Total Permanent Disability Protection Rider	This rider offers benefits in case of permanent disability due to an accident.
Future Generali Critical Illness Benefit Rider	This rider offers an additional payout upon diagnosis of any of the critical illnesses listed in the Future Generali term insurance policy.

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 upon the policyholder's diagnosis with any of the terminal illnesses mentioned in the brochure.
PNB MetLife Waiver of Premium Rider	This rider ensures that future premiums are waived in case of total and permanent disability of the life assured. This benefit can be purchased by paying a nominal extra premium over and above the base premium.
PNB MetLife Critical Illness Rider	This rider provides payment of an additional amount upon 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, with flexible rider term and sum assured options.

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Future Generali Term Insurance

Explore India’s best-selling Term insurance plans below

Future Generali India Life Insurance Company has a presence in over 1300 locations in India, offering insurance solutions for both individual and group segments.

Future Generali Care Plus

Future Generali Care Plus Plan is an affordable term plan offering high coverage, flexible terms, and tax benefits. The plan is extremely affordable a...

Unique Features

Death Benefit
Two Plan Options
Accidental Rider

Future Generali Care Plus (Pros)

Discount on Higher Sum Assured
Accidental Death Rider
Customizable Plan

Future Generali Care Plus (Cons)

No Maturity Benefit
No Surrender Benefit
No Policy Loan Allowed

Future Generali Care Plus (Other Benefits)

Two Indicative Premium Rates
₹1 Crore Sum Assured Plan
Suicide Cover After 1 Year

Future Generali Care Plus (Eligibility Criteria)

Minimum Entry Age: 18 Years
Maximum Entry Age: 65 Years
Minimum Sum Assured: ₹25 Lakhs
Maximum Maturity Age: 85 Years
Premium Payment Term: 25 Years (Regular Pay)

PNB MetLife Term Insurance

Explore India’s best-selling Term insurance plans below

PNB MetLife is a joint venture between Punjab National Bank (India) and Metropolitan Life Insurance (America). It offers several term plans and has over 15,000 offices across Pan India.

PNB Metlife Saral Jeevan Bima

PNB MetLife Saral Jeevan Bima is an affordable term insurance plan that provides guaranteed monthly income to protect your family financially in your ...

Unique Features

Avail Family Protection
High Sum Assured
Flexible Premium Payment

PNB Metlife Saral Jeevan Bima (Pros)

Avail Family Protection
High Sum Assured
Flexible Premium Payment

PNB Metlife Saral Jeevan Bima (Cons)

1 Year WP for Suicide
No Policy Loans
Death Due to Adventure Sports

PNB Metlife Saral Jeevan Bima (Other Benefits)

Choice of the policy term
Choice of premium payment term options
Protection for your family

PNB Metlife Saral Jeevan Bima (Eligibility Criteria)

Entry Age: 18 Years
Max Entry Age: 65 years
Minimum Sum Assured: ₹5L
Maximum Maturity Age: 70 years
Premium Payment Term: RP/SP/LP

PNB Metlife Aajeevan Suraksha

PNB Metlife Aajeevan Suraksha Plan offers individuals a comprehensive life cover with a plethora of benefits and features embedded within the plan. Aa...

Unique Features

Flexible Premium Payment
Joint Life Cover
Whole Life Cover

PNB Metlife Aajeevan Suraksha (Pros)

Flexible Premium Payment
Joint Life Cover
Whole Life Cover

PNB Metlife Aajeevan Suraksha (Cons)

No Policy Loan Allowed
No Cover for Suicide
No Survival Benefit

PNB Metlife Aajeevan Suraksha (Other Benefits)

Choice of Plan Options
Monthly Income Benefit
Inbuilt Cover Against Terminal Illness

PNB Metlife Aajeevan Suraksha (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - 25 L
Maximum Maturity Age - 99 Yrs
Premium Payment Term - RP/SP/LP

PNB Mera Jeevan Suraksha

PNB MetLife Mera Jeevan Suraksha Plan is designed to provide quality coverage in unforeseen circumstances. The plan not only includes death coverage b...

Unique Features

Return of Premium Benefit
Waiver of Premium
Terminal Illness Cover

PNB Mera Jeevan Suraksha (Pros)

Joint Life Cover
Return of Premium
Terminal Illness Cover

PNB Mera Jeevan Suraksha (Cons)

1-Year Waiting Period for Suicide
No Policy Loans
Death Due to Adventure Sports

PNB Mera Jeevan Suraksha (Other Benefits)

High Sum Assured Rebate
Waiver of Premium
Add-on Riders

PNB Mera Jeevan Suraksha (Eligibility Criteria)

Entry Age: 18 Years
Maximum Entry Age: 65 years
Minimum Sum Assured: ₹25L
Maximum Maturity Age: 80 years
Premium Payment Term: Regular Pay (RP)/Single Pay (SP)/Limited Pay (LP)

PNB Metlife Family Income Protector Plus

A term plan that provides a regular monthly income after your demise. If you support your family financially through your income, then undoubtedly, th...

Unique Features

Monthly Income for 20 yrs
Return of premium
Tax benefits

PNB Metlife Family Income Protector Plus (Pros)

Monthly Income for 20 yrs
Return of premium
Tax benefits

PNB Metlife Family Income Protector Plus (Cons)

1 Year WP for Suicide
No Policy Loans
Death Due to Adventure Sports

PNB Metlife Family Income Protector Plus (Other Benefits)

Maturity benefit
Guaranteed monthly income
Freedom to choose benefits

PNB Metlife Family Income Protector Plus (Eligibility Criteria)

Minimum Entry Age: 25 years
Maximum Entry Age: 60 years
Minimum Sum Assured: ₹14 Lakh
Maximum Maturity Age: 75 years
Premium Payment Term: Regular Pay (RP)
Single Pay (SP)
Limited Pay (LP)

PNB MetLife POS Suraksha

PNB MetLife POS Suraksha is an individual, non-linked, non-participating term insurance plan that provides guaranteed monthly income to support your f...

Unique Features

Guaranteed Monthly Income
Return of 100% premium
Easy Enrollment

PNB MetLife POS Suraksha (Pros)

Guaranteed Monthly Income
Return of 100% premium
Easy Enrollment

PNB MetLife POS Suraksha (Cons)

1-Year Waiting Period for Suicide
No Policy Loans
Death Due to Adventure Sports

PNB MetLife POS Suraksha (Other Benefits)

Easy enrollment process
Return of premiums on survival till maturity
Flexibility to pay premiums

PNB MetLife POS Suraksha (Eligibility Criteria)

Entry Age: 18 years
Maximum Entry Age: 55 years
Minimum Sum Assured: ₹50
000
Maximum Maturity Age: 65 years
Premium Payment Term: RP/LP

PNB MetLife Loan and Life Suraksha

PNB MetLife PNB MetLife Loan and Life Suraksha Plan is a comprehensive term insurance plan designed to secure your financial liabilities such as home ...

Unique Features

Dual Coverage option
Joint Life option
Moratorium Period

PNB MetLife Loan and Life Suraksha (Pros)

High-life cover
Loan Coverage
Flexible premium payment

PNB MetLife Loan and Life Suraksha (Cons)

1 year WP for suicide
Death due to adventure sports
No pre-existing illness cover

PNB MetLife Loan and Life Suraksha (Other Benefits)

Reducing Cover Option
Tax benefits
Level Cover Option

PNB MetLife Loan and Life Suraksha (Eligibility Criteria)

Entry age - 15 years
Max entry age - 65 years
Min sum assured - 5 Thousand
Max maturity age - NA

PNB Metlife Mera Term Plus

PNB MetLife Mera Term Plan Plus is a comprehensive pure protection plan that helps you protect your family financially upon your sudden demise. Under ...

Unique Features

Comprehensive coverage
Plan enhancement options
Customizable plans

PNB Metlife Mera Term Plus (Pros)

Spouse Coverage
Return of Premium
Life Stage Benefit

PNB Metlife Mera Term Plus (Cons)

1 Year WP for Suicide
No Policy Loans
Death Due to Adventure Sports

PNB Metlife Mera Term Plus (Other Benefits)

Child Education Support Benefit
Step-up Benefit
Whole Life Cover

PNB Metlife Mera Term Plus (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age - 60 years
Minimum Sum Assured - ₹25L
Maximum Maturity Age - 99 years
Premium Payment Term - RP/SP/LP

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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.

Future Generali Term vs Pnb Metlife Term Insurance

Compare

Future Generali Term vs Pnb Metlife Term Insurance

Overview

Future Generali Term Insurance: Overview

Key Benefits:

PNB MetLife Term Insurance Plan: Overview

Key Features of PNB MetLife Term Plans:

Riders

Riders You Can Avail With Future Generali Term Insurance Plans

Riders You Can Avail With PNB MetLife Term Insurance Plans

But how does it work?

Other Term Insurance Companies

Future Generali Term Insurance

Future Generali Care Plus (Pros)

Future Generali Care Plus (Cons)

Future Generali Care Plus (Other Benefits)

Future Generali Care Plus (Eligibility Criteria)

PNB MetLife Term Insurance

PNB Metlife Saral Jeevan Bima (Pros)

PNB Metlife Saral Jeevan Bima (Cons)

PNB Metlife Saral Jeevan Bima (Other Benefits)

PNB Metlife Saral Jeevan Bima (Eligibility Criteria)

PNB Metlife Aajeevan Suraksha (Pros)

PNB Metlife Aajeevan Suraksha (Cons)

PNB Metlife Aajeevan Suraksha (Other Benefits)

PNB Metlife Aajeevan Suraksha (Eligibility Criteria)

PNB Mera Jeevan Suraksha (Pros)

PNB Mera Jeevan Suraksha (Cons)

PNB Mera Jeevan Suraksha (Other Benefits)

PNB Mera Jeevan Suraksha (Eligibility Criteria)

PNB Metlife Family Income Protector Plus (Pros)

PNB Metlife Family Income Protector Plus (Cons)

PNB Metlife Family Income Protector Plus (Other Benefits)

PNB Metlife Family Income Protector Plus (Eligibility Criteria)

PNB MetLife POS Suraksha (Pros)

PNB MetLife POS Suraksha (Cons)

PNB MetLife POS Suraksha (Other Benefits)

PNB MetLife POS Suraksha (Eligibility Criteria)

PNB MetLife Loan and Life Suraksha (Pros)

PNB MetLife Loan and Life Suraksha (Cons)

PNB MetLife Loan and Life Suraksha (Other Benefits)

PNB MetLife Loan and Life Suraksha (Eligibility Criteria)

PNB Metlife Mera Term Plus (Pros)

PNB Metlife Mera Term Plus (Cons)

PNB Metlife Mera Term Plus (Other Benefits)

PNB Metlife Mera Term Plus (Eligibility Criteria)

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