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Absli Life Shield Plan vs Pnb Metlife Loan And Life Suraksha Plan

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Absli Life Shield Plan vs Pnb Metlife Loan And Life Suraksha Plan

Absli Life Shield Plan

ABSLI Life Shield plan (Aditya Birla Life Shield Plan) is a versatile and online available term insurance product. The plan is an affordable term insurance plan with a high life cover and 8 different plan options to suit your requirements. One of the many benefits of the plan is the ability to incre...

Pnb Metlife Loan And Life Suraksha Plan

PNB Metlife has launched the PNB MetLife Loan and Life Suraksha Plan, offering life insurance along with protection for your mortgage, educational, personal, and auto loans. The policy comes in 3 types of coverage options, namely the Reducing cover option, the Level cover option, and the Increase of...

PLAN DETAILS

Absli Life Shield Plan


Pnb Metlife Loan And Life Suraksha Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Avail 8 Plan Options
  • Flexible-Premium Payment
  • Cover for Spouse
  • Dual Coverage option
  • Joint Life option
  • Moratorium Period
Plan Maturity age Maximum Maturity Age - 85 years Maximum Maturity Age - NA
Plan Sum Assured Base sum assured: 25 Lacs to no limit. Base sum assured: 5 Thousand to no limit
Plan Entry Age Minimum Age - 1 years Maximum Age - 65 years Minimum Age - 15 years Maximum Age - 65 years
Plan Payment modes Annual, half-yearly, quarterly & monthly Half-yearly, Quarterly, Yearly, Monthly
Plan Policy loan The policy loan is not available under ABSLI Life Shield Plan. The policy loan is available under PNB MetLife Loan and Life Suraksha Plan
Plan Sample Premium Rs 541-/ per month Rs 532-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 10 years Maximum term - 55 years Minimum term - 2 years, Maximum term - 25 years
Claim Settlement Ratio (2023-24) 98.12 99.2
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* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.

Know More About Plans

ABSLI Life Shield plan (Aditya Birla Life Shield Plan) is a versatile and online available term insurance product. The plan is an affordable term insurance plan with a high life cover and 8 different plan options to suit your requirements.

One of the many benefits of the plan is the ability to increase your sum insured at major life stages such as marriage, the birth of your child, and other such major life events.

Here are some key features of this plan:

why-choose
  • Level Term Insurance
  • Increasing Term Insurance
  • Return of Premium
  • Decreasing Term Assurance
  • Tax Benefits
  • Increasing Term Assurance with Waiver of Premium (WOP)

Riders

Riders Associated with ABSLI Life Shield Plan

You can add the following riders to your ABSLI Life Shield Plan:

ABSLI ADD (Accidental Death and Disability)

This rider offers additional protection for accidents leading to death and disability at an affordable cost.

ABSLI Critical Illness Rider

This rider offers a lumpsum amount in case of diagnosis of any of the listed critical illnesses.

ABSLI Surgical Care Rider

This rider offers a lumpsum amount to cover surgical expenses.

Other Term Insurance Companies

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