Life Insurance Corporation of India vs PNB MetLife India Insurance
On CSR alone: LIC leads with a higher claim settlement ratio in FY 2023-24. But CSR is one data point — also compare plans, premiums, and network before deciding.
LIC — Strengths
- +Sovereign government backing
- +Largest branch network in India
- +98.62% claim settlement ratio (2023-24)
- +Pays claims on schedule without delays
PNB MetLife — Strengths
- +97.37% claim settlement ratio (2023-24)
- +Good rural and semi-urban access via PNB branches
- +Mera Term Plan Plus includes return of premium option