Bajaj Life
eTouch II
Sample premium
₹24,359 a year*
Term Life Insurance · head to head
eTouch II vs Mera Term Plan Plus
PNB MetLife
Mera Term Plan Plus
Sample premium
₹10,400 a year*
Quick verdict
- Mera Term Plan Plus is better for insurer's claim payout record.
- Mera Term Plan Plus is better for low minimum cover.
Computed from stored specifications, the published term life insurance scoring rules and recorded prices. Not an opinion.
Specifications side by side
Spec
eTouch II
Mera Term Plan Plus
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
60 years
Maximum maturity age
99 years
99 years
Policy term
Cover up to age 99: 99 minus Age at Entry; otherwise minimum 10 years, maximum 85 minus Age at Entry; Life Shield ROP: 10 to 50 years
Minimum 10 years; maximum 99 - age at entry (Life, Life Plus), 75 - age at entry (Life plus Health), 40 years with Return of Premiums; Limited pay minimum policy term = PPT + 5 years
Minimum sum assured
₹50,00,000
₹25,00,000
Maximum sum assured
No limit, subject to Board Approved Underwriting Policy
No limit, subject to Underwriting
Plan
Plan options
Life Shield, Life Shield Plus, Life Shield ROP
Life, Life Plus, Life plus Health
Premium payment
Regular (equal to policy term) or Limited Premium: 5 Pay, 6 Pay, 10 Pay, 12 Pay, 15 Pay, 20 Pay and Pay till Age 60 (cover to age 99: Limited Premium only); Yearly, Half yearly, Quarterly and Monthly
Single pay, Limited pay (5, 10, 15, 20, Pay till Age 60), Regular Pay; Yearly / Half Yearly / Quarterly / Monthly
Return of premium option
Yes
Yes
Death benefit payout
One-time lump sum; partly lump sum and partly monthly income for 5/10/20/30/40 years; monthly income for 5/10/20/30/40 years (POS: lump sum only)
Lump sum; Monthly Income (level monthly income for 10 years at 1.1022% of Sum Assured on Death); Lump sum plus Monthly Income
Riders
Bajaj Life Family Protect Rider (UIN 116B056V01), Bajaj Life New Critical Illness Benefit Rider (UIN 116B058V01), Bajaj Life Accidental Death Benefit Rider II (UIN 116B063V01), Bajaj Life Accidental Permanent Total/Partial Disability Benefit Rider II (UIN 116B064V01), Bajaj Life Care Plus Rider Non-Linked (UIN 116B062V01)
PNB MetLife Accidental Death Benefit Plus Rider Plus (117B020V04), PNB MetLife Serious Illness Rider (117B021V04), PNB MetLife Accidental Disability Benefit Rider (UIN: 117B022V03), PNB MetLife Critical Illness Rider (UIN: 117B023V03)
Terminal illness benefit
Yes
Yes
Waiver of premium
WOP on ATPD/TI (Waiver of Premium on Accidental Total Permanent Disability / Terminal Illness); not applicable for POS-sourced policies
Life Plus and Life plus Health: all future premiums waived on Accidental Total Permanent Disability or diagnosis of any one of 50 listed Critical Illnesses (not applicable to Single Premium)
Premium
Sample annual premium
₹24,359
₹10,400
Sample premium is for
Brochure illustration: Ravi, 35-year-old (male) doctor, Life Shield variant, Sum Assured Rs 1 crore, 100% lump sum payout, policy term and premium payment term 50 years (cover to age 85), annual: Rs 24,359 per annum (excluding GST/any other tax as applicable). Smoker status not stated. NOTE: age 35 and 50-year term; no age-30/30-year figure.
Healthy male life, age 30, basic sum assured Rs 1 crore, policy term 30 years, regular pay (premiums paid regularly for the policy term), annual mode, 'Life' benefit option without Return of Premiums, lump sum payout option. GST and/or applicable cesses charged extra (excluded). Smoker status not stated.
Insurer
Death claims settled (insurer)
99.29%
99.57%
Claims figures for
FY 2024-25: individual death claims paid out of claims decided and pending, by number, computed from IRDAI Handbook on Indian Insurance Statistics (Table 15)
FY 2024-25: individual death claims paid out of claims decided and pending, by number, computed from IRDAI Handbook on Indian Insurance Statistics (Table 15)
IRDAI UIN
116N198V10
117N126V04
A tick marks the better value where the category rules say higher (or lower) is better. Text values are shown without a winner. Ties have no winner.
Pros and cons
eTouch II
- Pro: Return-of-premium option available
Mera Term Plan Plus
- Pro: Insurer paid 99.57% of individual death claims, higher than 81% of the 27 term life insurance plans on Comparezi that state it
- Pro: Return-of-premium option available