PNB Metlife vs Exide Life
  • 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

PNB Metlife Life vs Exide Life Insurance 2024

PNB Metlife and Exide Life 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 PNB Metlife is 97.33% whereas Exide Life has 99.09% 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 PNB Metlife

PNB Metlife

 Edit exide-life

Exide Life
Number of life insurance plans and add-ons
Entry Age (Min-Max) 18-60 years 18-60 years
Policy Term 10- 40 years 10 - 20 years
maturity Age (Min-Max) 28-75 years 5-70 years
Claim settlement ratio (CSR) 97.33% 99.09%
Asset under managment (AUM) 1200 Crores 1800 Crores
Solvency ratio 1.9 2.1
Policy Type
  • Term insurance
  • Whole life policy
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
  • Term insurance
  • Endowment policy
  • ULIP
  • Annuity plans
  • Savings plans
  • Child plans
  • Group Insurance plan
Coverage Amount
  • Minimum- 2.2 Lakh
  • Maximum- No Limit
  • Minimum- 5 Lakh
  • Maximum- No Limit
Optional Additional Riders
  • Life term rider
  • Critical illness rider
  • Accidental death and disability rider
  • Life term rider
  • Critical illness rider
  • Accidental death and disability rider
Number of term plans 7 4
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.

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

Exide Life Term Insurance Plans

Exide Saral Jeevan Bima

Saral Jeevan Bima is a standard term insurance plan that provides complete protection to your family's dreams that too at affordable rates.

Unique Features

  • Coverage up to 40 years
  • Affordable premiums
  • Flexibility in PPT

Saral Jeevan Bima (Pros)

  • Available for Online Buying
  • Choose to pay Premium Once
  • Max Sum Assured 50L

Saral Jeevan Bima (Cons)

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

Saral Jeevan Bima (Other Benefits)

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

Saral Jeevan Bima (Eligibility Criteria)

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

Exide Term with Return of Premium

It is a pure-term insurance plan that offers comprehensive coverage at an affordable price with ROP benefit.

Unique Features

  • No Medical Test
  • 100% ROP
  • Flexible PPT

Term with Return of Premium (Pros)

  • Maximum SA: 25 Lakh
  • Maximum Maturity Age: 99 Years
  • Discount For Females

Term with Return of Premium (Cons)

  • No Rider Benefit
  • No Policy Loan Allowed
  • Pre-existing diseases Not Covered

Term with Return of Premium (Other Benefits)

  • Tax Benefit
  • Suicide Plan
  • Large Sum Assured Discount

Term with Return of Premium (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - 10L
  • Maximum Maturity Age - 99 Years
  • Premium Payment Term - RP/SP/LP

Exide Term Rider

By paying an additional premium, Exide Life Term Rider can be added to the Exide Term Insurance plans and will provide enhanced coverage.

Unique Features

  • Tax Benefits
  • Affordable premiums
  • Avail up to twice life cover

Term Rider (Pros)

  • 3 Pay Out Benefits
  • Discount For Females
  • Flexible-Premium Paying Term

Term Rider (Cons)

  • 1 Yr Waiting Period For Suicide
  • No HIV Cover
  • No Discount For Females

Term Rider (Other Benefits)

  • 2 Optional Rider
  • Rebate On High Sum Assured
  • Standard premium rates for non-smokers

Term Rider (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 50L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - 5/8/10/12 Yrs

Exide Sampoorna Jeevan Plan

A plan that offers a 105 % sum assured as a death benefit, and comes with life insurance coverage for up to 75 or 100 years.

Unique Features

  • 5 Policy Bonus Option
  • Survival Benefit
  • Flexible Income Payouts

Sampoorna Jeevan Plan (Pros)

  • Guaranteed Income Benefit
  • Loan Benefit
  • Reduced Paid-Up Benefit

Sampoorna Jeevan Plan (Cons)

  • No Rider Benefit
  • Pre-Existing Diseases Not Covered
  • 1 Yr Waiting Period For Suicide

Sampoorna Jeevan Plan (Other Benefits)

  • Maturity Benefit
  • Surrender Benefit
  • Suicide Plan

Sampoorna Jeevan Plan (Eligibility Criteria)

  • Entry Age -12 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 10L
  • Maximum Maturity Age - 100 Years
  • Premium Payment Term - LP

Exide New Fulfilling Life Insurance

A plan that offers life cover up to 85 years of age, and death benefits and promises safe returns with reduced paid-up benefits.

Unique Features

  • Loan Benefit
  • Periodic Survival Benefits
  • Discount For Females

New Fulfilling Life Insurance (Pros)

  • Surrender Benefit
  • Maturity Benefit
  • Simple Reversionary & Terminal Bonus

New Fulfilling Life Insurance (Cons)

  • No Alterations Allowed
  • Pre-Existing Diseases Not Covered
  • 1 Yr Waiting Period For Suicide

New Fulfilling Life Insurance (Other Benefits)

  • Double Sum Assured Benefit
  • 2 Rider Options
  • Discount For High Premiums

New Fulfilling Life Insurance (Eligibility Criteria)

  • Entry Age -15 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - 85 Years
  • Premium Payment Term - 12, 16, 20 or 24 Yrs

Exide Smart Term Insurance Plan

A plan that offers three plan variants to suit the desired protection provides a return of total premiums paid on completion of the policy term.

Unique Features

  • Critical Illness and Accident Riders
  • Life covers up to 85 years
  • Reduced Paid-up Benefits

Smart Term Insurance Plan (Pros)

  • Surrender Benefit
  • Maturity Benefit
  • Flexible-Premium paying options

Smart Term Insurance Plan (Cons)

  • No Alterations Are Allowed
  • No Large SA Discount
  • No Policy Loan Allowed

Smart Term Insurance Plan (Other Benefits)

  • Suicide Cover
  • 2 Rider Options
  • Tax Benefit

Smart Term Insurance Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - 75 Years
  • Premium Payment Term - LP/SP/RP

Exide Smart Term Plus Insurance

A comprehensive plan that offers accidental disability and dismemberment and critical illness rider, a 105% death benefit & family income payout for 5 or 10 years.

Unique Features

  • Guaranteed RoP on maturity
  • Life cover
  • 3 Payout Options

Smart Term Plus Insurance (Pros)

  • Reduced Paid Up Benefit
  • Flexible Payout Options
  • 3 Rider Options

Smart Term Plus Insurance (Cons)

  • 1 Yr Waiting Period For Suicide
  • No HIV Cover
  • No Pre-Existing Cover

Smart Term Plus Insurance (Other Benefits)

  • Surrender Benefit
  • Maturity Benefit
  • Suicide Cover

Smart Term Plus Insurance (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 15L
  • Maximum Maturity Age - 80 Years
  • Premium Payment Term - 5, 8, 10 or 12Yrs

Exide Elite Term Plan Insurance

A comprehensive plan that offers accidental disability and dismemberment cover, 105% death benefit and a family payout option.

Unique Features

  • Discount of 4.17% on Premium
  • No Max Sum Assured
  • 3 Payout Options

Elite Term Plan Insurance (Pros)

  • Affordable Premiums
  • Flexible Payout Options
  • 3 Rider Options

Elite Term Plan Insurance (Cons)

  • 1 Yr Waiting Period For Suicide
  • No HIV Cover
  • No Pre-Existing Cover

Elite Term Plan Insurance (Other Benefits)

  • Term Extension by 5 or 10 Years
  • Exclusive SA Band of 50 L - 99.99 L
  • Discounts For Online Sales

Elite Term Plan Insurance (Eligibility Criteria)

  • Entry Age: 21 Yrs
  • Max Entry Age: 60 Yrs
  • Min Sum Assured: 50 L
  • Max Maturity Age: 80 Yrs
  • Premium Payment Term: 10 Yrs

Exide Mera Aashirvad Insurance

A plan that offers corpus for the child’s future, discount for high premiums accidental death disability and dismemberment rider benefit.

Unique Features

  • 105% of SA Death Benefit
  • Waiver of Premiums
  • Maturity Benefit

Mera Aashirvad Insurance (Pros)

  • Surrender Benefit
  • Exide Life Term Rider
  • Limited Pay Option

Mera Aashirvad Insurance (Cons)

  • 1 Yr Waiting Period For Suicide
  • No HIV Cover
  • No Discount For Females

Mera Aashirvad Insurance (Other Benefits)

  • Exide Life Critical Illness Rider
  • Loan Benefit
  • Exide Life Critical Illness Rider

Mera Aashirvad Insurance (Eligibility Criteria)

  • Entry Age: 18 Years
  • Max Entry Age: 45 Years
  • Min Sum Assured: 1 L
  • Max Maturity Age: 60 Yrs
  • Premium Payment Term: 5/8/10 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

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