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Canara Saral
508-/ per month
VS
Mera Term Plan Plus
545-/ per month
Canara HSBC Saral Jeevan Bima is an affordable term plan with flexible term, lump sum cover, and day 1 accidental death benefit. The design of this plan is best for buyers who are looking for simple and low-cost protection. The policy provides coverage from ₹5 lakh to ₹25 lakh with premium discounts for non-smokers and females.
The Saral Jeevan Term Plan by Canara HSBC also offers discounts for non-smokers and females.
Canara HSBC Saral Jeevan Bima Plan offers you a range of benefits including:
| PLAN DETAILS |
Canara Saral |
Mera Term Plan Plus |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 70 years | Maximum Maturity Age - 70 years |
| Plan Sum Assured | Basic Sum Assured: Rs. 5 Lakhs to Rs. 25 Lakhs | Basic Sum Assured: ₹₹5,000 per member to no limit |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 15 years Maximum Age - 65 years |
| Plan Payment modes | Yearly, half-yearly & monthly | Annual, Semi-Annual, quarterly and Monthly |
| Plan Policy loan | The policy loan is not available under Canara HSBC Saral Jeevan Bima Plan. | The policy loan is not available under PNB Metlife Mera Term Plan Plus. |
| Plan Sample Premium | Rs 508-/ per month | Rs 545-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 5 years Maximum term - 40 years | Minimum term - 10 years Maximum term - 99- entry age |
| Claim Settlement Ratio (2024-25) | 99.43% | 99.57% |
|
Canara HSBC Term Insurance Plans PNB Metlife Mera Term Plan Plus |
||
* 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.
You can add the following riders to your PNB MetLife Mera Term Plan Plus:
Get additional health coverage on top of the base cover in case of a diagnosis of any listed critical illnesses.
Get an extra payout on top of base cover upon your unfortunate death due to an accident.
Get an extra payout on top of the base cover on total and permanent disability due to an accident.
Get additional coverage if you are diagnosed with a pre-specified critical illness.
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