Tata Aia Term Insurance vs Pnb Metlife Term Insurance

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Tata Aia Term Insurance vs Pnb Metlife Term Insurance

Tata Aia Term Insurance

TATA Insurance Company is a joint venture between TATA Sons Pvt. Ltd and AIA Group Ltd. The company is amongst the top term insurance providers in the Indian subcontinent.

Pnb Metlife Term Insurance

PNB Metlife is a joint venture between Punjab National Bank India and Metropolitan Life Insurance America. It offers several term plans and has 15,000+ offices in PAN India.

COMPANY DETAILS Edit TATA AIA Term Insurance

Tata Aia Term Insurance

Edit PNB MetLife Term Insurance Plans

Pnb Metlife Term Insurance

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

Annual Premiums Collected (2023-24)

25691.82 crores

Annual Premiums Collected (2023-24)

732.28 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

99.13%

Payout Options

99.2%
Solvency Ratio

Solvency Ratio

1.8

Solvency Ratio

1.7
Pan India Presence

Pan India Presence

500+

Pan India Presence

15000+
Riders Available

Riders Available

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

Riders Available

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

Policy Term

10 to 40 years

Policy Term

10 to 40 years

Know More About Companies

Overview

TATA AIA Term Insurance: Overview

TATA AIA Life Insurance is one of the best insurance providers in the insurance industry. It is a joint venture between TATA Sons and AIA Group with a presence in 18 markets across the Asia Pacific region. As per The Hindu Business Line, TATA AIA had a market share of 27% in the life insurance business in 2022-23. They offer a range of life insurance products, including term plans, saving plans, child plans, retirement plans, etc. TATA AIA Term Insurance offers financial coverage to your loved ones in case of your unforeseen demise during the policy tenure. You can buy a 1 crore term insurance from Tata AIA for premiums starting at just Rs 483/- per month.

What are some of the
Benefits
that set them apart?

  • 99.13% claim-settlement ratio

  • Up to Rs 4 crore sum assured

  • 1 lakh crore+ assets under management

  • Flexible premium payment options

  • Wide network of branches

  • Affordable premiums

  • 85 lakhs+ families protected to date

  • Additional riders to choose from

Riders

Riders You Can Avail With TATA Term Insurance Plans

You can avail of the following riders with your Tata AIA term 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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Tata AIA Term Insurance

Explore India’s best-selling Term insurance plans below

TATA Insurance Company is a joint venture between TATA Sons Pvt. Ltd and AIA Group Ltd. The company is amongst the top term insurance providers in the Indian subcontinent.

Tata AIA Insta Protect is a comprehensive plan protecting your family against death, disability, and disease under a single plan. The plan safeguards ...

Unique Features

  • All round protection
  • Loaded with features
  • Very high Sum Insured

TATA AIA Insta Protect (Pros)

TATA AIA Insta Protect
  • Covers Death Due to Accident
  • No Medical Tests
  • Accelerated Terminal Illness

TATA AIA Insta Protect (Cons)

TATA AIA Insta Protect
  • No Loans Allowed
  • No Maturity Benefit
  • No Suicide Cover in Terminal Illness

TATA AIA Insta Protect (Other Benefits)

TATA AIA Insta Protect
  • Return of Premiums (Optional)
  • Survival and Maturity Benefit
  • Health and Wellness Benefits

TATA AIA Insta Protect (Eligibility Criteria)

TATA AIA Insta Protect
  • Entry Age - 18 years
  • Max Entry Age - 45 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - LP/RP/SP

Tata AIA SRS Vitality is a rеmarkablе term insurance plan that sеamlеssly blеnds two еssеntial еlеmеnts - Tata AIA Life Insurance Sampoorna ...

Unique Features

  • Whole Life Cover
  • Wellness Program
  • Cover Boosters

Tata AIA SRS Vitality Protect (Pros)

Tata AIA SRS Vitality Protect
  • 10% Guaranteed Discount
  • Wellness Rewards Program
  • Guaranteed 1st Year Discount

Tata AIA SRS Vitality Protect (Cons)

Tata AIA SRS Vitality Protect
  • No Plan Conversion Option
  • No Maturity Benefit
  • Limited Premium Payment Terms

Tata AIA SRS Vitality Protect (Other Benefits)

Tata AIA SRS Vitality Protect
  • 75% SA Terminal Illness Coverage
  • Cover Boosters
  • Up To 30% Rider Premium Discount

Tata AIA SRS Vitality Protect (Eligibility Criteria)

Tata AIA SRS Vitality Protect
  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 50 L
  • Max Maturity Age 100Yrs
  • Premium Payment Term - (5-81 Yrs) LP/RP/SP

TATA AIA Saral Jeevan Bima is a pure protection plan. The plan is designed with simple terms and conditions, it is affordable and accessible to even t...

Unique Features

  • A simple and easy plan
  • Affordable premiums
  • Choose your rider options

TATA AIA Saral Jeevan Bima (Pros)

TATA AIA Saral Jeevan Bima
  • Available for Online Buying
  • Choose to pay Premium Once
  • Max Sum Assured 50L

TATA AIA Saral Jeevan Bima (Cons)

TATA AIA Saral Jeevan Bima
  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

TATA AIA Saral Jeevan Bima (Other Benefits)

TATA AIA Saral Jeevan Bima
  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

TATA AIA Saral Jeevan Bima (Eligibility Criteria)

TATA AIA Saral Jeevan Bima
  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

TATA AIA has introduced a term plan which covers you for terminal illnesses. You can avail of 50% of the basic sum assured in case you are diagnosed w...

Unique Features

  • Life Stage Plus Option
  • Payout Accelerator Benefit
  • Non-smoker & Female Discounts

TATA AIA Maha Raksha Supreme (Pros)

TATA AIA Maha Raksha Supreme
  • Additional Riders
  • High Cover Discount
  • Life Coverage with Terminal Illness Payout

TATA AIA Maha Raksha Supreme (Cons)

TATA AIA Maha Raksha Supreme
  • No Policy Loan is Available
  • No Plan Conversion Option
  • No Maturity Benefit

TATA AIA Maha Raksha Supreme (Other Benefits)

TATA AIA Maha Raksha Supreme
  • Payout Accelerator Benefit
  • 105% SA Death Benefit
  • Whole Life coverage (till age 100 years)

TATA AIA Maha Raksha Supreme (Eligibility Criteria)

TATA AIA Maha Raksha Supreme
  • Entry Age - 18 years
  • Minimum Sum Assured - 50 L
  • Max Maturity Age 100Yrs
  • Premium Payment Term - LP/RP/SP
  • Max Entry Age - 65 years(Adaptable)

Sampoorna Raksha Promise by Tata AIA Life Insurance is a pure-term insurance plan that offers financial protection to your loved ones in case of your ...

Unique Features

  • 4 Plan Options
  • Joint Life Option
  • Instant Payout on Claim

Tata AIA Sampoorna Raksha Promise (Pros)

Tata AIA Sampoorna Raksha Promise
  • Choice of Plan Options
  • Instant Payment on Claim Intimation
  • Whole Life Coverage Option

Tata AIA Sampoorna Raksha Promise (Cons)

Tata AIA Sampoorna Raksha Promise
  • No Policy Loan is Available
  • No Plan Conversion Option
  • No Maturity Benefit

Tata AIA Sampoorna Raksha Promise (Other Benefits)

Tata AIA Sampoorna Raksha Promise
  • Special Discount for Females
  • Add-on Riders to Choose
  • Choice of Death Benefit Payout

Tata AIA Sampoorna Raksha Promise (Eligibility Criteria)

Tata AIA Sampoorna Raksha Promise
  • Entry Age - 18 years
  • Minimum Sum Assured - 25 L
  • Max Maturity Age - 100 Yrs
  • Premium Payment Term - LP/RP/SP
  • Max Entry Age - 65 years (Adaptable)

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 15,000+ offices in PAN India.

PNB Metlife Saral Jeevan Bima is a standard term insurance plan designed as per the guidelines of IRDAI. This plan is designed to provide pure protect...

Unique Features

  • Avail Family Protection
  • High Sum Assured
  • Flexible Premium Payment

PNB Metlife Saral Jeevan Bima (Pros)

PNB Metlife Saral Jeevan Bima
  • Avail Family Protection
  • High Sum Assured
  • Flexible Premium Payment

PNB Metlife Saral Jeevan Bima (Cons)

PNB Metlife Saral Jeevan Bima
  • 1 Year WP for Suicide
  • No Policy Loans
  • Death Due to Adventure Sports

PNB Metlife Saral Jeevan Bima (Other Benefits)

PNB Metlife Saral Jeevan Bima
  • Choice of the policy term
  • Choice of premium payment term options
  • Protection for your family

PNB Metlife Saral Jeevan Bima (Eligibility Criteria)

PNB Metlife Saral Jeevan Bima
  • 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 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)

PNB Metlife Aajeevan Suraksha
  • Flexible Premium Payment
  • Joint Life Cover
  • Whole Life Cover

PNB Metlife Aajeevan Suraksha (Cons)

PNB Metlife Aajeevan Suraksha
  • No Policy Loan Allowed
  • No Cover for Suicide
  • No Survival Benefit

PNB Metlife Aajeevan Suraksha (Other Benefits)

PNB Metlife Aajeevan Suraksha
  • Choice of Plan Options
  • Monthly Income Benefit
  • Inbuilt Cover Against Terminal Illness

PNB Metlife Aajeevan Suraksha (Eligibility Criteria)

PNB Metlife Aajeevan Suraksha
  • 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 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)

PNB Mera Jeevan Suraksha
  • Joint Life Cover
  • Return of Premium
  • Terminal Illness Cover

PNB Mera Jeevan Suraksha (Cons)

PNB Mera Jeevan Suraksha
  • 1 Year WP for Suicide
  • No Policy Loans
  • Death Due to Adventure Sports

PNB Mera Jeevan Suraksha (Other Benefits)

PNB Mera Jeevan Suraksha
  • High Sum Assured Rebate
  • Waiver of Premium
  • Add-on Riders

PNB Mera Jeevan Suraksha (Eligibility Criteria)

PNB Mera Jeevan Suraksha
  • Entry Age - 18 Years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - ₹25L
  • Maximum Maturity Age - 80 years
  • Premium Payment Term - RP/SP/LP

'A Term plan that gives regular monthly income after your demise' If you support your family financially through your income, then undoubtedly, the co...

Unique Features

  • Monthly Income for 20 yrs
  • Return of premium
  • Tax benefits

PNB Metlife Family Income Protector Plus (Pros)

PNB Metlife Family Income Protector Plus
  • Monthly Income for 20 yrs
  • Return of premium
  • Tax benefits

PNB Metlife Family Income Protector Plus (Cons)

PNB Metlife Family Income Protector Plus
  • 1 Year WP for Suicide
  • No Policy Loans
  • Death Due to Adventure Sports

PNB Metlife Family Income Protector Plus (Other Benefits)

PNB Metlife Family Income Protector Plus
  • Maturity benefit
  • Guaranteed monthly income
  • Freedom to choose benefits

PNB Metlife Family Income Protector Plus (Eligibility Criteria)

PNB Metlife Family Income Protector Plus
  • Entry Age -25 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - ₹14L
  • Maximum Maturity Age - 75 years
  • Premium Payment Term - RP/SP/LP

Are you the sole earning member of your family, and feel worried about what will happen in case of an emergency? Who will take care of all expenses? S...

Unique Features

  • Guaranteed Monthly Income
  • Return of 100% premium
  • Easy Enrollment

PNB MetLife POS Suraksha (Pros)

PNB MetLife POS Suraksha
  • Guaranteed Monthly Income
  • Return of 100% premium
  • Easy Enrollment

PNB MetLife POS Suraksha (Cons)

PNB MetLife POS Suraksha
  • 1 Year WP for Suicide
  • No Policy Loans
  • Death Due to Adventure Sports

PNB MetLife POS Suraksha (Other Benefits)

PNB MetLife POS Suraksha
  • Easy enrollment process
  • Return of premiums on survival till maturity
  • Flexibility to pay premiums

PNB MetLife POS Suraksha (Eligibility Criteria)

PNB MetLife POS Suraksha
  • Entry Age -18 Years
  • Max Entry Age - 55 years
  • Minimum Sum Assured - ₹50k
  • Maximum Maturity Age - 65 years
  • Premium Payment Term - RP/LP

PNB Metlife has launched the PNB MetLife Loan and Life Suraksha Plan, offering life insurance along with protection for your mortgage, educational, pe...

Unique Features

  • Dual Coverage option
  • Joint Life option
  • Moratorium Period

PNB MetLife Loan and Life Suraksha (Pros)

PNB MetLife Loan and Life Suraksha
  • High-life cover
  • Loan Coverage
  • Flexible premium payment

PNB MetLife Loan and Life Suraksha (Cons)

PNB MetLife Loan and Life Suraksha
  • 1 year WP for suicide
  • Death due to adventure sports
  • No pre-existing illness cover

PNB MetLife Loan and Life Suraksha (Other Benefits)

PNB MetLife Loan and Life Suraksha
  • Reducing Cover Option
  • Tax benefits
  • Level Cover Option

PNB MetLife Loan and Life Suraksha (Eligibility Criteria)

PNB MetLife Loan and Life Suraksha
  • Entry age - 15 years
  • Max entry age - 65 years
  • Min sum assured - 5 Thousand
  • Max maturity age - NA

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)

PNB Metlife Mera Term Plus
  • Spouse Coverage
  • Return of Premium
  • Life Stage Benefit

PNB Metlife Mera Term Plus (Cons)

PNB Metlife Mera Term Plus
  • 1 Year WP for Suicide
  • No Policy Loans
  • Death Due to Adventure Sports

PNB Metlife Mera Term Plus (Other Benefits)

PNB Metlife Mera Term Plus
  • Child Education Support Benefit
  • Step-up Benefit
  • Whole Life Cover

PNB Metlife Mera Term Plus (Eligibility Criteria)

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