HDFC Life vs PNB Metlife
  • Scout the best life insurers
  • Achieve your financial goals
  • Rich mix of products
Life insurance companies
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

Gender

Age

Select Insurer

HDFC Life vs PNB Metlife Life Insurance 2024

HDFC Life and PNB Metlife both are one of the top life insurance providers in India. Both the companies offer comprehensive life insurance plans offering life cover from 10 to 99 years of age. The product portfolio of both of them is vast and caters to unique needs of the customers. The claim settlement ratio of HDFC Life is 99.39% whereas PNB Metlife has 97.33% CSR for the FY 2022-23. The companies provide benefits such as high sum assured, flexible premiums, customizable coverage, rider benefits, options for premium payment terms, maturity benefits, online discounts, non-smoker discounts and various plan options to choose from.

PLAN DETAILS Edit HDFC Life

HDFC Life

 Edit pnb-metlife

PNB Metlife
Number of life insurance plans and add-ons
Entry Age (Min-Max) 18-65 years 18-65 years
Policy Term 5 to 100 years 10- 40 years
maturity Age (Min-Max) 23 to 60 years 28-75 years
Claim settlement ratio (CSR) 99.39% 97.33%
Asset under managment (AUM) 250000 Crores 1200 Crores
Solvency ratio 1.9 1.9
Policy Type
  • Term insurance
  • Whole life policy
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
  • Term insurance
  • Whole life policy
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
Coverage Amount
  • Minimum- 5 Lakh
  • Maximum- No Limit
  • Minimum- 2.2 Lakh
  • Maximum- No Limit
Optional Additional Riders
  • Accidental death benefit rider plus
  • Serious illness rider
  • Accidental disability rider
  • Critical illness rider
  • Premium waiver benefit rider
  • Income benefit rider
  • Accidental death benefit rider plus
  • Serious illness rider
  • Accidental disability rider
  • Critical illness rider
  • Premium waiver benefit rider
  • Income benefit rider
Number of term plans 13 7
Exclusions Suicide or self inflicted Injury Suicide or self inflicted Injury
Death Benefit Yes Yes
Survival Benefit Yes Yes
Claims procedure Both (Online+offline) Both (Online+offline)
Type of the insurer Private Private
Online buying facility for life plans Yes Yes
Premium payment options Single/limited/Regular Single/limited/Regular
Online claim facility Yes Yes

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

Trouble connecting with an insurance company?

Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com

We are happy to help.

HDFC Top Term Insurance Plans

HDFC Life Click 2 Protect Life

A plan offering spouse benefits, premium waivers, premium refunds, and death benefits. It is a flexible protection plan that adapts to your changing needs.

Unique Features

  • Return of Premium
  • Offers coverage for whole life
  • Regular monthly income

HDFC Life Click 2 Protect Life (Pros)

  • Auto Balances Death Cover
  • Auto Balances Critical Illness cover
  • Reduce Premium Payment Term

HDFC Life Click 2 Protect Life (Cons)

  • No Suicide Cover
  • No War Injury Cover
  • No Adventure Sports Cover

HDFC Life Click 2 Protect Life (Other Benefits)

  • Life & CI Rebalance
  • Maturity Benefit
  • Waiver Of Premium

HDFC Life Click 2 Protect Life (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 20 L
  • Maximum Maturity Age - 75 years
  • Premium Payment Term - SP/RP/LP

HDFC Life Saral Jeevan Bima

HDFC Life Saral Jeevan Bima, a term insurance plan providing flexible premium payment terms and additional rider options to customize your plan.

Unique Features

  • Lump Sum Variant
  • Income Variant
  • Guaranteed Surrender Value

HDFC Life Saral Jeevan Bima (Pros)

  • Discount on Higher Premiums
  • Policy Loan Available
  • No Interest on ROP Minors

HDFC Life Saral Jeevan Bima (Cons)

  • No Alterations Allowed
  • No Death Benefit on Income Payout
  • Advance premiums for monthly payment mode

HDFC Life Saral Jeevan Bima (Other Benefits)

  • 3 Rider Options Available
  • Premium Payment Flexibility
  • Tax Benefits on Premiums and Maturity

HDFC Life Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age - 30 Days
  • Max Entry Age - 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP

HDFC Life Click 2 Protect Super

A term plan that offers all-around protection to the policyholder as it protects against 36 critical illnesses, accidental death benefits, etc.

Unique Features

  • Life Stage Option
  • Multiple Coverage Options
  • Increasing Death Benefit

HDFC Life Click 2 Protect Super (Pros)

  • Terminal Illness Benefit
  • Smart Exit Benefit
  • Acceleration Death Benefit

HDFC Life Click 2 Protect Super (Cons)

  • 1 Year WP for Suicide
  • No Policy Loans
  • No Pre-existing Conditions

HDFC Life Click 2 Protect Super (Other Benefits)

  • Death Benefit in Instalments
  • RP, WOP & 3 Riders
  • Additional Cover for Spouse

HDFC Life Click 2 Protect Super (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age - 84 years
  • Minimum Sum Assured - INR 5,000
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP/LP

HDFC Life Term With Return Of Premium

This plan guarantees a return of total premiums paid upon policy survival and comes with a high sum assured.

Unique Features

  • High Sum Assured discount
  • Premium Discount for Females
  • No Medical Tests

HDFC Life Term With Return Of Premium (Pros)

  • Premium Payment Options
  • Absolute Amount Assured Paid
  • Tax Benefits on Premiums and Maturity Benefit

HDFC Life Term With Return Of Premium (Cons)

  • No Discount on Limited Pay
  • No Riders Available
  • No Policy Loan

HDFC Life Term With Return Of Premium (Other Benefits)

  • Guaranteed Surrender Value
  • Guaranteed Maturity Benefits
  • No Waiting Period on Accidental Death

HDFC Life Term With Return Of Premium (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 50 years
  • Minimum Sum Assured - 10 L
  • Maximum Maturity Age - 65 years
  • Premium Payment Term - LP/RP

HDFC Life Smart Term Pro

This plan provides a 100% return of premium upon maturity, offers life coverage up to 80 years, and allows premium payments over 5, 8, 10, or 12 years.

Unique Features

  • Riders Protection
  • Premium Discount for Females
  • Family Income Payout

HDFC Life Smart Term Pro (Pros)

  • Death Benefit
  • Maturity Benefit
  • Death Benefit Payout Options

HDFC Life Smart Term Pro (Cons)

  • Reduced Paid-up Benefits
  • Reduced Paid-up Death Benefit
  • No Adventure Sports Cover

HDFC Life Smart Term Pro (Other Benefits)

  • Guaranteed Surrender Value
  • 80% Premiums on Suicide
  • Guaranteed Sum Assured on Maturity

HDFC Life Smart Term Pro (Eligibility Criteria)

  • Entry Age - 30 Days
  • Max Entry Age - 60 years
  • Minimum Sum Assured - 15 L
  • Maximum Maturity Age - 80 years
  • Premium Payment Term - 5/8/10/12 yrs

HDFC Life Smart Term Edge

This policy offers up to 150% return of premiums, comes in 3 variants and with critical illness and accident riders.

Unique Features

  • Life Cover till 75 yrs
  • Guaranteed Surrender Value
  • Return of Percentage of Premiums

HDFC Life Smart Term Edge (Pros)

  • 3 Premium Payment Modes
  • Option to Increase Death Benefit
  • 3 Premium Payment Modes

HDFC Life Smart Term Edge (Cons)

  • No Suicide Cover
  • No Policy Loans
  • No Pre-existing Conditions

HDFC Life Smart Term Edge (Other Benefits)

  • 3 Plan Options
  • 100% Death Cover
  • Tax Benefits on Premiums/Maturity/Riders

HDFC Life Smart Term Edge (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - 5 Lakhs
  • Maximum Maturity Age- 75 years
  • Premium Payment Term - 12 to 30 Years

Quick Protect By HDFC Life

A comprehensive term insurance plan that offers protection against Death, Disease & Disability. 3 different plan options to choose from – 75 lacs, 1cr, 1.25cr.

Unique Features

  • Coverage for 19 Critical Illnesses.
  • 2x coverage for accidental death.
  • Quick Issuance with no medical.

Quick Protect By HDFC Life (Pros)

  • Monthly Income For 10 Years
  • Critical Illness Plus Rider
  • Income Benefit Rider

Quick Protect By HDFC Life (Cons)

  • No HIV Cover
  • No Policy Loans
  • No Pre-existing Conditions

Quick Protect By HDFC Life (Other Benefits)

  • Accidental Death Benefit
  • Maturity Benefit
  • Waiver Of Premium

Quick Protect By HDFC Life (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 50 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 years
  • Premium Payment Term - 5 to 40 Years

PNB Metlife Term Insurance Plans

PNB MetLife Mera Term Plan Plus

Offers financial protection to your loved ones and gives the flexibility to customize the plan according to your needs.

Unique Features

  • Tax Benefits
  • Joint Life Cover
  • Critical illness benefit

Mera Term Plan Plus (Pros)

  • Terminal Illness
  • Waiver Of Premium on (ATPD)
  • Accelerated Critical Illness Benefit

Mera Term Plan Plus (Cons)

  • No Policy Discount
  • No Policy Loan Allowed
  • No Maturity Benefit Without ROP Option

Mera Term Plan Plus (Other Benefits)

  • 4 Rider Option
  • 10% Step-up Benefit
  • Rebate on High Sum Assured

Mera Term Plan Plus (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Min Sum Assured - 25L
  • Premium Payment Term - SP/RP/LP
  • Maturity Age - 99 years (Whole Life)

PNB Metlife Ajeevan Suraksha Plan

The plan offers protection against terminal illness. It provides two cover options: Fixed Term Cover and Whole Life Cover, along with two rider options.

Unique Features

  • Return of Premium Benefit
  • Death or Terminal Illness Benefit
  • Enhance with Riders

Ajeevan Suraksha Plan (Pros)

  • Maturity Benefit
  • 4 Payout Options
  • Option To Cover Spouse

Ajeevan Suraksha Plan (Cons)

  • No Policy Loan Available
  • Complexity In Payout Options
  • No Maturity Benefit Without ROP Option

Ajeevan Suraksha Plan (Other Benefits)

  • Special Benefits For Women
  • PNB MetLife Serious Illness Rider
  • PNB MetLife Accidental Death Benefit Rider

Ajeevan Suraksha Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Min Sum Assured - 25L
  • Max Maturity Age - 99 Years
  • Premium Payment Term - RP/SP/LP (5 To 15 Yrs)

PNB MetLife Mera Jeevan Suraksha Plan

The plan offers a monthly income and a lump sum benefit equal to 100 times the monthly income. Cover you spouse under the Joint Life Cover Benefit.

Unique Features

  • Return of Premium Benefit
  • Death or Terminal Illness Benefit
  • Surrender Benefit

Mera Jeevan Suraksha Plan (Pros)

  • Maturity Benefit
  • 4 Payout Options
  • Rebate on High Sum Assured

Mera Jeevan Suraksha Plan (Cons)

  • No Policy Loan Available
  • Only Regular Pay Option
  • No Surrender Benefit Without ROP Option

Mera Jeevan Suraksha Plan (Other Benefits)

  • Spouse Cover
  • Monthly Income For 10 Years
  • Suicide Cover After 12 Months

Mera Jeevan Suraksha Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Min Sum Assured - 25L
  • Max Maturity Age - 80 Years
  • Premium Payment Term - RP/SP/LP (5 To 15 Yrs)

PNB MetLife Saral Jeevan Bima Plan

The plan is a standard, simple pure protection term plan that comes with affordable premiums and offers Sum Assured up to INR 50 Lakhs.

Unique Features

  • SA from 5 to 50 L
  • Fixed Term - 5 to 40 Years
  • Premium Payment Options

Saral Jeevan Bima Plan (Pros)

  • Affordable Plan
  • Easy Claim Settlement
  • Flexible-Premium Payment Modes

Saral Jeevan Bima Plan (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima Plan (Other Benefits)

  • Spouse Cover
  • Suicide Cover
  • Policy Revival Within 5 Years

Saral Jeevan Bima Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Min Sum Assured - 5L
  • Max Maturity Age - 70 Yrs
  • Premium Payment Term - RP/SP/LP (5 To 10 Yrs)

PNB MetLife Family Income Protector Plus

A non-participating life insurance plan that provides guaranteed monthly income with the option to return premiums if no claim occurs.

Unique Features

  • Death Benefit
  • 110% Return 0f Premium Benefit
  • Guaranteed Surrender Benefit

Family Income Protector Plus (Pros)

  • Maturity Benefit
  • Fixed Premium Payments
  • Guaranteed Monthly Income

Family Income Protector Plus (Cons)

  • Limited Investment Component
  • No Policy Loan Allowed
  • No Cash Value or Savings Accumulation

Family Income Protector Plus (Other Benefits)

  • Tax Benefits
  • Max Sum Assured 1.42 Cr
  • Freedom to Customize Benefits

Family Income Protector Plus (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Min Sum Assured - 14.20L
  • Max Maturity Age - 75 Yrs
  • Premium Payment Term - 10/15/20 Yrs

PNB MetLife Income Protection Plan

The plan is a flexible life insurance offering a lump sum or monthly income with guaranteed payouts of up to 150% and tax benefits.

Unique Features

  • Death Benefit
  • Guaranteed Surrender Benefit
  • Guaranteed Premium Payout

Income Protector Plan (Pros)

  • Maturity Benefit
  • Loans Are Allowed
  • Additional SA for employees of listed banks

Income Protector Plan (Cons)

  • 1 Yr WP For Suicide
  • Unpaid Policy Lapses
  • Limited Revival Window After Policy Lapse

Income Protector Plan (Other Benefits)

  • Easy Enrollment
  • Flexible Premium Payment Modes
  • Life Cover for the Entire Policy Term

Income Protector Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 55 Years
  • Min Sum Assured - NA
  • Max Maturity Age - 75 Yrs
  • Premium Payment Term - 5 to 20 Yrs

PNB MetLife POS Suraksha

The plan provides guaranteed monthly income and returns a 100% premium on maturity, ensuring financial security for loved ones.

Unique Features

  • 100% Premium Return
  • Guaranteed Monthly Income
  • Guaranteed Surrender Benefit

POS Suraksha (Pros)

  • Maturity Benefi
  • Death Benefit Options
  • Flexible-Premium Payment

POS Suraksha (Cons)

  • No Suicide Cover
  • 90 Days Waiting Period
  • No Policy Loan Allowed

POS Suraksha (Other Benefits)

  • Surrender Value
  • Level Monthly Income
  • Revival Option

POS Suraksha (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 55 Years
  • Min Sum Assured - 50 K
  • Max Maturity Age - NA
  • Premium Payment Term - 5/10/15 Yrs

Life Insurance Articles

Top 5 Benefits of Life Insurance

Top 5 Benefits of Life InsuranceJan, 2024

GST On Life Insurance

GST On Life InsuranceAug, 2023

Importance of Life Insurance

Importance of Life InsuranceAug, 2023

Factors That Affect Life Insurance Premiums

Factors That Affect Life Insurance Premiums July, 2023

Life Insurance For Cancer Patients

Life Insurance For Cancer Patients July, 2023

Difference Between ULIP and Traditional Plans

Difference Between ULIP and Traditional Plans July, 2023

Grace Period In Life Insurance Policy

Grace Period In Life Insurance Policy July, 2023

Life Insurance With Maturity Benefits

Life Insurance With Maturity Benefits July, 2023

Difference Between Life Insurance and Health Insurance

Difference Between Life Insurance and Health July, 2023

Benefits of Life Insurance

Benefits of Life InsuranceJuly, 2023

Advantages and Disadvantages Of Life Insurance

Advantages and Disadvantages Of Life July, 2023

Life Insurance Premium

Life Insurance PremiumJune, 2023

Cash Value Of Life Insurance

Cash Value Of Life InsuranceJune, 2023

Free Look Period in Life Insurance

Free Look Period in Life InsuranceJune, 2023

Ladli Laxmi Yojana Policy

Ladli Laxmi Yojana PolicyMay, 2023

Bima Sugam Life Insurance

Group Term Life InsuranceMarch, 2023

Bima Sugam Life Insurance

Bima Sugam Life InsuranceDecember, 2022

Whole Life Insurance Policy

Whole Life Insurance PolicySeptember, 2022

Sabse Pehle Life Insurance

Sabse Pehle Life InsuranceApril, 2022

Life Insurance FAQs

Life Insurance FAQsSeptember, 2021

Pandemic Challenges in Life Insurance

Pandemic Challenges in Life InsuranceMay, 2021

Term Life vs. Traditional Life Insurance- Which Is Better?

Term Life vs. Traditional Life Insurance- Which Is Better?January, 2021

How to Get Duplicate LIC Policy Bond?

How to Get Duplicate LIC Policy Bond?October, 2020

How To Check ICICI Prudential Life Insurance Policy Status?

How To Check ICICI Prudential Life Insurance Policy Status?May, 2020

What Are Late Payment Charges For LIC Premiums?

What Are Late Payment Charges For LIC Premiums?September, 2020

How To Check SBI Life Insurance Policy Status?

How To Check SBI Life Insurance Policy Status?April, 2020

Life Insurance Claim Process & Requirements

Life Insurance Claim Process & RequirementsJuly, 2020

SBI Life Insurance Premium Payment

SBI Life Insurance Premium PaymentApril, 2020

Guaranteed Income Plan

Guaranteed Income PlanJune, 2020

ICICI Prudential Life Insurance Login and Registration

ICICI Prudential Life Insurance Login and RegistrationApril, 2020

ICICI Prudential Premium Payment

ICICI Prudential Premium PaymentMay, 2020

Revival of Lapsed LIC Policy - Steps to Revive It Online

Revival of Lapsed LIC Policy - Steps to Revive It OnlineDecember, 2019

See More Life Insurance Articles

Quick and Free Quick Comparison with Other Insurers

HDFC Life vs LIC
HDFC Life vs ICICI Prudential
HDFC Life vs SBI Life
HDFC Life vs Max Life
HDFC Life vs TATA AIA
HDFC Life vs PNB Metlife
HDFC Life vs Bajaj Allianz
HDFC Life vs Aegon Life
HDFC Life vs Kotak Mahindra
HDFC Life vs Canara HSBC
HDFC Life vs Bharti AXA
HDFC Life vs Aviva Life
HDFC Life vs IndiaFirst Life
HDFC Life vs Exide Life
HDFC Life vs Edelweiss Tokio
HDFC Life vs Ageas Federal
HDFC Life vs Future Generali
HDFC Life vs Birla Sun
HDFC Life vs Reliance Life
HDFC Life vs DHFL Pramerica
HDFC Life vs Shriram Life
HDFC Life vs Sahara India
PNB Metlife vs LIC
PNB Metlife vs HDFC Life
PNB Metlife vs ICICI Prudential
PNB Metlife vs SBI Life
PNB Metlife vs Max Life
PNB Metlife vs TATA AIA
PNB Metlife vs Bajaj Allianz
PNB Metlife vs Aegon Life
PNB Metlife vs Kotak Mahindra
PNB Metlife vs Canara HSBC
PNB Metlife vs Bharti AXA
PNB Metlife vs Aviva Life
PNB Metlife vs IndiaFirst Life
PNB Metlife vs Exide Life
PNB Metlife vs Edelweiss Tokio
PNB Metlife vs Ageas Federal
PNB Metlife vs Future Generali
PNB Metlife vs Birla Sun
PNB Metlife vs Reliance Life
PNB Metlife vs DHFL Pramerica
PNB Metlife vs Shriram Life
PNB Metlife vs Sahara India
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.