2- All data was sourced from public disclosures (FY 2023-2024, Q4) except LIC (their FY 2023-2024, Q4 data isn't fully updated, so we have considered their FY 2023-2024, Q3 PD data), insurer websites, and the IRDAI website.

3- Only features that are currently available for purchase online were considered when calculating the Beshak Ratings.

4- In the Premium Ratings, we do not display premium amounts - instead, we show the product's relative pricing compared to the median.

5- Premium for all plans is calculated for the following profile: 30-year-old, non-smoker, married male, for a sum assured of INR 1 Crore, up to the age of 65 years, paying annual premiums, till the end of the policy. Except for these plans:

・Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c - Premium is calculated for a 30-year-old, non-smoker, married male, having Type 2 diabetes, with HbA1c level between 6.5 to 7, for a sum assured of INR 1 Crore, up to the age of 55 years, paying annual premiums for 25 years.

・HDFC Life Click 2 Protect Elite - Premium is calculated for a 30-year-old, non-smoker, married male, for a sum assured of INR 2 Crore, up to the age of 65 years, paying annual premiums for 15 years.

・IndiaFirstLife Guaranteed Protection Plus Plan - Premium is calculated for a 30-year-old, non-smoker, married male, for a sum assured of INR 1 Crore, up to the age of 75 years, paying annual premiums for 40 years.

・TATA AIA Maha Raksha Supreme - Premium is calculated for a 30-year-old, non-smoker, married male, for a sum assured of INR 2 Crore, up to the age of 65 years, paying annual premiums, till the end of the policy.

6- The overall ratings do not include the premium rating. This is because we believe that the affordability of premiums is a personal thing. Something that seems unaffordable or expensive to one person could seem cheap and affordable to another, regardless of their income. We leave it up to our users to decide whether the price they pay seems reasonable for the features they receive.

7- The Response time on Twitter (Beta) was calculated using a sample set of tweets from February to August 2023 - (Analyzed in September 2023).

8- Claims Experience was assessed based on an audit of various processes and facilities offered by the insurers, during claim settlement.

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Compare Bajaj Allianz Life Diabetic Term Plan and PNB MetLife Aajeevan Suraksha Plan

Claims Track Record:

Bajaj Allianz Life Diabetic Term Plan

Bajaj Allianz Life Insurance Company has settled 99.91% of claims within 30 days. Their claim settlement ratio is 99.04%, and their claim amount settlement ratio is 93.45%. Plus, they have received fewer complaints when it comes to claim settlement. Customers can benefit from some convenient services, such as an online claim tracking system and a dedicated toll-free number, ensuring efficient claims processing. They have also simplified the process with a short claim form. It's worth noting, however, that Bajaj Allianz Life Insurance Company does not offer a personal relationship manager for claims and does not provide home pick-up of claims.

PNB MetLife Aajeevan Suraksha Plan

PNB Metlife Insurance Company has settled 99.70% of their claims within 30 days. Their claim settlement ratio is 99.06% and their claim amount settlement ratio is 93.35%. They have an online claim tracking system and a dedicated toll-free for claims service. However, they have a few downsides. PNB Metlife Insurance Company does not provide a personal relationship manager or home pick-up service for claims. And, they have a moderately long claim form as well. Also, they have received a higher number of claim-related complaints compared to other insurers.

Service Experience:

Bajaj Allianz Life Diabetic Term Plan

You can reach out to Bajaj Allianz Life Insurance Company for assistance through their toll-free number or Twitter. According to our research, the customer service on the toll-free number is prompt, while on Twitter, it is slow, compared to other insurers. This means you or your family should go for their toll-free number to get timely assistance.

PNB MetLife Aajeevan Suraksha Plan

You can contact PNB Metlife Insurance Company via their toll-free telephone number or Twitter. Based on our research, we found that both their Twitter and toll-free number responses were slow, compared to other insurers. So, you and your family may not get timely help in case of queries, concerns, etc.

Product Benefits:

Bajaj Allianz Life Diabetic Term Plan

Bajaj Allianz Life Diabetic Term Plan offers many customization options to suit your specific needs. It offers a lifetime cover up to the age of 75. However, it doesn’t offer an increasing cover feature or limited pay options. The premium for Bajaj Allianz Life Diabetic Term Plan can be paid monthly, quarterly, half-yearly, or annually. It offers the claim payout as a one-time lump sum payment. You can extend the coverage of your policy by adding riders to your policy. However, Bajaj Allianz Life Diabetic Term Plan doesn’t offer riders.

PNB MetLife Aajeevan Suraksha Plan

PNB Metlife Aajeevan Suraksha Plan offers various customization options. It offers a lifetime cover up to 99 years with various limited payment options - 5, 10 and 15 years. The premium can be paid monthly, quarterly, half-yearly, or annually. You can choose between various claim payout options, including a lump sum option, monthly instalments option, and a combination of both. However, it doesn’t provide an increasing cover feature. The PNB Metlife Aajeevan Suraksha Plan offers 2 riders - Critical Illness Rider and Accidental Death Benefit Rider. These are optional add-ons that you can include in your base policy to widen your coverage.