Pnb Saral Jeevan
vs
Smart Term Plan
- Affordable Premiums
- Multiple plan options to choose from
- Flexible premium payment options
| PLAN DETAILS |
 Pnb Saral Jeevan |
 Smart Term Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 70 years | Maximum Maturity Age - 85 years |
| Plan Sum Assured | Basic Sum Assured: ₹50K to no limit. | Base sum assured: 20 lakhs to no limit. |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 18 years Maximum Age - 65 years |
| Plan Payment modes | Annual, Semi-Annual, and Monthly | Annual, half-yearly, quarterly & monthly |
| Plan Policy loan | The policy loan is not available under PNB Metlife Saral Jeevan Bima. | The policy loan is not available under Axis Max Life Smart Secure Plus Plan. |
| Plan Sample Premium | Rs 602-/ per month | Rs 586/- per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 5 years Maximum term - 40 years | Minimum term - 10 years Maximum term - 67 years |
| Claim Settlement Ratio (2023-24) | 99.2 | 99.70 |
* 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.
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 protection to individuals and their family members with sum assured options ranging between INR 5 to 50 Lakhs. In case of accidental death of the insured individual, the legal heir/nominee is offered a lump sum death benefit amount. With PNB Saral Jeevan Bima insured individuals have the choice of the policy term to be protected for a fixed term ranging from 5 to 40 years as well as flexible premium payment options like: pay for limited period, one time, or throughout the policy term.
The minimum and maximum entry age for PNB Saral Jeevan Bima is 18 and 65 years respectively. Being a pure protection plan, the plan offers customizations such as sum assured amount, policy term, premium payment flexibility, and more. There is a waiting period of 45 days from the date of commencement of policy under the PNB Metlife Saral Jeevan Bima Plan.
PNB Metlife Saral Jeevan Bima offers you a range of benefits including:
You can add the following riders to your PNB MetLife Saral Jeevan Bima Plan:
The rider plan provides payment of an additional amount on the diagnosis of 10 critical conditions.
This rider offers additional benefits in case the policyholder is diagnosed with any of the terminal illnesses mentioned in the brochure.
This rider ensures that future due premiums are waived off in case of total and permanent disability of the life assured.
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With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.
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