Life insurance is a contract between the insured person and the insurance company. When you die, the company pays a sum of money to your beneficiary. There are different types of life insurance policies that provide different benefits, so it's important to think about what will work best for your family in the future.
If you’re looking for AEGON Life Insurance Vs PNB Metlife Insurance. Both companies are leading life insurance companies in India. They provide a range of life insurance policies and services to meet their customer’s needs. But there are some key differences between the two that you should know about before you decide on which company to go with. Let’s take a look at the two life insurance providers and their policies, features, benefits, and prices in detail.
AEGON Life Insurance
AEGON Life Insurance is one of the most established life insurance companies in the world. It offers a wide range of life insurance products and services to its customers. The AEGON Life insurance Company is a multinational insurance company headquartered in the Netherlands. The company provides life, health, and property-casualty insurance and other financial services. AEGON Life is one of the top digital life insurance companies; it was the first life insurance company to inaugurate online term insurance plans in India. AEGON Life insurance was launched together with AEGON N. V, an international provider of life insurance, pensions, and asset management, and Bennett Coleman & Company, India's largest media conjunction popularly known as the Times Group.
Benefits of Aegon Life Insurance Company
- Life cover: AEGON Life Insurance plans offer life cover for up to 99 years.
- Claim settlement ratio: AEGON Life Insurance Company has a very good claim settlement ratio and the claim settlement process is easy, quick, and hassle-free.
- Wealth creation: AEGON life insurance ULIP plans offer you a good return by investing a portion of the customer premium payments in the capital market, thus providing investment and protection.
- Tax benefits: AEGON life insurance provides tax benefits of sections 80C and 10(10D) under the Income Tax Act, and provides tax benefits for premiums paid regularly.
- Affordable Premiums: AEGON life insurance offers a wide range of products for both individuals and businesses at low premium rates.
AEGON Life Insurance Plans List
| Type of Plans |
AEGON Life Insurance Plans |
| Term Insurance Plans |
- Aegon Life Saral Jeevan Bima Plan
- Aegon Life iTerm Insurance Plan
|
| ULIPS Plans |
- Aegon Life iInvest Plan
- Aegon Life iMaximize Plan
|
| Retirement Plans |
- Aegon Life Saral Pension Plan
- Aegon Life Jeevan Riddhi Insurance Plan
- Aegon Life Insta Pension Insurance Plan
|
| Savings Plans |
- Aegon Life POS Guaranteed Return Insurance Plan
|
| Money-Back Plans |
- Aegon Life Regular Money Back Insurance Plan
|
| Group Plans |
- Aegon Life Group Credit Shield Insurance Plan
- Aegon Life Group Term Plus Insurance Plan
|
| Other Plans |
- Aegon Life Rural Term Insurance Plan
- Aegon Life Covid-19 Insurance Plan
- Aegon Life Critical Illness Insurance
- Aegon Whole life insurance
|
PNB MetLife Insurance
PNB MetLife Insurance is the leading insurance company in India, with a long and successful history of providing quality products and services to its customers. PNB MetLife India Insurance Company Limited is one of the outstanding life insurance companies in India, its shareholders are MetLife International Holdings LLC, Punjab National Bank Limited (PNB), M. Pallonji and Company Private Limited, Jammu & Kashmir Bank Limited, and other private investors, with MIHL and PNB being the majority shareholders. PNB MetLife insurance initiated its presence in India in 2001. PNB Metlife Life insurance offers a wide range of protection and retirement products through its Agency sales of over 9,200 financial advisors and multiple bank partners and provides access to Employee Benefit plans for over 700+ corporate clients in India.
Benefits of PNB MetLife Insurance Company
- Variety Products: PNB Metlife insurance is known to offer a wide range of life insurance products. It offers several long-term savings and protection plans to its customers.
- Trust ensured: PNB MetLife Insurance Company is trusted by millions of people across India. PNB MetLife Insurance Company tries hard to make insurance easier and more affordable.
- Support Assistance: PNB MetLife insurance company gives 24/7 support assistance to avoid any discrepancies. The dedicated team of experts at the life insurance company is always present to solve any queries and serve you in the best possible manner.
- Cost Effective: PNB MetLife Insurance plans are quite cheap compared to other life insurance plans.
- Tax Benefits: PNB Metlife insurance provides tax benefits for premiums paid under sections 80C and 10(10D) of the Income Tax Act.
- Flexibility: PNB Metlife insurance offers flexibility by providing options to make premium payments.
PNB MetLife Insurance Plans List
| Type of Plans |
PNB MetLife Insurance Plans |
| Term And Child Plans |
- PNB MetLife Guaranteed Future Plan
- PNB MetLife Century Plan
- PNB MetLife Smart Platinum Plus
- PNB MetLife Mera Wealth Plan
- PNB MetLife Super saver Plan
- PNB MetLife Guaranteed Income Plan
- PNB MetLife Guaranteed Savings Plan
- PNB MetLife Endowment Savings plan Plus
- PNB MetLife Bachat Yojna
|
| Family Protection Plans |
- PNB MetLife Mera Term Plan Plus
- PNB MetLife Saral Jeevan Bima
- PNB MetLife Aajeevan Suraksha Plan
- PNB MetLife Mera Jeevan Suraksha Plan
- PNB MetLife Family Income Protector Plus
- PNB MetLife Income Protection Plan
- PNB MetLife Mera Term Plan
- PNB MetLife POS Suraksha
|
| Retirement Plans
|
- PNB MetLife Retirement Savings Plan
- PNB MetLife Immediate Annuity Plan
- PNB MetLife Saral Pension Plan
- PNB MetLife Wealth & Income Solution
- PNB MetLife Guaranteed Future Plan
- PNB MetLife Insurance Century Plan
- PNB MetLife Guaranteed Goal Plan
- PNB MetLife Super saver Plan
- PNB MetLife Smart Platinum Plus
- PNB MetLife Mera Wealth Plan
|
| Health Plans
|
- PNB MetLife Mera Mediclaim Plan
|
| Group Plans |
- PNB MetLife Group Flexi Term Plus
- PNB MetLife Group Term Life Plus
- PNB MetLife Complete Loan Protection Plan
- PNB MetLife Loan & Life Suraksha Plan
- PNB MetLife Bima Yojna Plan
- PNB MetLife Complete Care Plus
- PNB MetLife Super Annulation Plan
- PNB MetLife Traditional Employee Benefit Plan
- PNB MetLife Unit Linked Employee Benefit Plan
- PNB MetLife Pradhan Mantri Jeevan Jyothi Bima Yojana Plan
|
Comparison Table of AEGON Life Insurance vs PNB MetLife Insurance
The table below is a comparison between AEGON Life Insurance and PNB MetLife Insurance
| Parameter |
AEGON life Insurance |
PNB MetLife Insurance |
| Claim Settlement Ratio |
99.25% |
98.17% |
| Solvency Ratio |
3.40 |
1.90 |
| Inception |
2008 |
2001 |
| Number of Branches |
83 |
117 |
| Availability |
Online/Offline |
Online/Offline |
| Life Cover |
Up to 99 years |
Up to 99 years |
| Types of Plans |
- Term Insurance Plans
- ULIP Plans
- Savings Plans
- Retirement Plans
- Money Back Plans
- Group Plans
|
- Family Protection Plans
- Online Plans
- Long Term Plans
- Child Education Plans
- Retirement Plans
- Health Insurance Plan
- Group Plans
|
| E-Services |
- Pay Premium Payment
- Claim Settlement
- Renew Online
- Buy Policy Online
- Track Policy
|
- Pay Premium Online
- Premium Payment Options
- Download Receipts
- Fund Switch
- Update Information
- Loan against Policy
- Claim Process
|
| Riders Available |
- Critical Illness Rider
- Accidental Death Benefit Rider
- Waiver of Premium Rider
|
- Accidental Death Benefit Rider Plus
- Accidental Disability Benefit Rider
- Serious Illness Rider
- Critical Illness Rider
- Accidental Permanent and Total Disability Plus
- Accidental Permanent and Partial Disability Plus
- Group Accidental Death Benefit Plus
|
Conclusion
The life insurance industry is one of the most competitive markets in the world. Many different companies offer a variety of plans and coverage. The best life insurance company is not always easy to find, but with some research, you should be able to find a plan that is right for you. We can get an idea about a company's quality by looking at its financial stability and customer satisfaction ratings. We can also look at reviews from other customers to see what they have to say about the company's services and policies. PolicyBachat helps you to know all the key features and benefits of AEGON Life Insurance and PNB MetLife Insurance and buy the best life insurance policy by comparing life insurance quotes.