Does age affect the calculation of premium?

Yes, age does affect the calculation of premium as it is an important factor. As the age increases so do the insurance premium. It is recommended to get term insurance at an early age to avail high life coverage at an affordable price.

Will the premium amount increase after I have purchased the policy?

The ‘basic premium amount’ stays constant throughout the term of policy but the renewal premiums change due to taxes levied by the government and change in premium payment frequency.

How do personal habits like smoking affect the premium of a life insurance plan?

Premiums for smokers are generally high because of the smoking habits they are counted in a high-risk category.

What is a free look period?

A free look period is offered by the insurance companies. A free look period of 15 days is offered from the day the policyholder receives the original policy documents if the policy is purchased through distance marketing the free look period offered is 30 days.

How to choose the right life insurance plan?

Before buying a life insurance plan consider the claim settlement ratio of the insurance company, availability of optional critical illness benefits and availability of addition of accidental death benefits.

Does age affect the calculation of premium?

Yes, age does affect the calculation of premium as it is an important factor. As the age increases so do the insurance premium. It is recommended to get term insurance at an early age to avail high life coverage at an affordable price.

Will the premium amount increase after I have purchased the policy?

Once the policy is issued, premium will remain the same for the entire tenure of the policy.

How do personal habits like smoking affect the premium of a life insurance plan?

Premiums for smokers are generally high because smoking is a health hazard that increases risk. This in turn increases the mortality risk for smokers. The premium will increase if the risk increases.

What is a free look period?

Free-look Period is the period during which the Policyholder has the option to review the terms and conditions of the policy . A period of 30 days is offered from the day the policyholder receives the original policy documents to review the document and request for cancellation.

How to choose the right life insurance plan?

Before buying a life insurance plan one must identify their goals like leaving behind sufficient funds for your family, paying-off loans, funding your children’s education, or investing for the future. Also, consider the claim settlement ratio of the insurance company.

Bandhan Life Insurance Premium Calculator

InsuranceDekho premium calculator is an online tool through which you can calculate the premium of your life insurance plan before actually buying it. With the help of a premium calculator, you can get personalized results by selecting the cover-up and life cover. The tool helps you to estimate the sum assured according to your requirements from the policy and according to your budget. The premium calculator is designed specifically to calculate monthly amounts of premiums to achieve the sum assured.

Bandhan Life Insurance Premium Calculator

There are various important factors that decide the premium value of a life insurance policy. He/she can calculate the premium amount by filling in the following details:

Gender
Date of Birth
Annual Income
Income growth rate
Retirement At what age
Unpaid loans amount
Existing policy Cover (if any)

How to Use an Bandhan Life Insurance Calculator?

InsuranceDekho provides the facility to access the Bandhan Life Insurance premium calculator online. You can calculate the life insurance premium by following simple steps:

Step 1: Click on the ‘Premium Calculator’ on the ‘Life Insurance’ page of InsuranceDekho.

Step 2: Enter your personal details as asked. These may include your age, gender, cover-up and life cover.

Step 3: After filling in the necessary details the total premium is calculated instantly and the calculated premium can vary when you change the variables like age, gender, cover-up and life cover.

Benefits of Bandhan Life Insurance Premium Calculator

The benefits of using the InsuranceDekho Life insurance premium calculator are as follows:

Saves Money: You can opt for the highest possible life cover amount that suits your budget and you can also opt for additional benefits at the best possible rate of premium offered by Bandhan life insurance.
No Scope of Miscalculation: The premium calculator helps in calculating premiums accurately for the policy that you should be paying for your life insurance policy. This helps you calculate premiums as per your budget.
Helps In Better Decision Making: It helps you to calculate the payable premium and is also helpful in making better decisions. You can include add-ons under your policy and select the time period that best suits you according to your budget.
Instant Calculation: A life insurance premium calculator saves you from complex calculations of life insurance premiums. By entering general information like age, gender, cover-up and life cover customers can instantly calculate the premium. The calculator is specifically designed for the instant calculation of the premium amount according to your budget.
Easy to Use: InsuranceDekho life insurance premium calculators offer the utmost ease to customers. Also, anybody can have access to the tool. All the customer is required to do is enter their personal details and the premium will be calculated easily.

Gender

Male
Female

Age

Do you smoke or chew tobacco?

Yes
No

Choose required coverage to secure your family’s future

50L

1Cr

1.5Cr

2Cr

Disclaimer :

1. Premium has been calculated for coverage till 60 years

2. Final Plan Eligibility will depend on some other factors including tobacco habits, education, occupation and income of the life assured / proposer

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User Reviews

4.6

Rating based on

144 User reviews

What users are saying

Personalised Follow-up
I was impressed by InsuranceDekho's personalized follow-up after I purchased my Aegon Life Insurance policy. Their genuine concern for my well-being stood out, showcasing exceptional customer engagement. Thank you, InsuranceDekho, for delivering such outstanding service.
Read More
V
Bandhan
By Vishal Tanwar
On: Mar 05, 2024
Nice Features
Purchasing a life insurance policy from InsuranceDekho was easy and smooth. The InsuranceDekho company provides excellent features like anytime assistance, free consultation at home, a policy tracker, and many more useful features. Through their customer-centric facilities, I was able to purchase an Aegon Life Insurance Plan with ease. Thank you InsuranceDekho team for helping me out with the process.
Read More
C
Bandhan
By Chetna Pandey
On: Feb 07, 2024
Dedicated Customer Team Suppor...
The team of InsuranceDekho helped me with important information when I was buying the Aegon Life Insurance plan with them. They helped me understand all about the Aegon Life Insurance Plan in a better way.
Read More
V
Bandhan
By Vinod Tiwari
On: Dec 11, 2023
Friendly support team
The support team of InsuranceDekho was extremely helpful when I was buying the Aegon Life Insurance Policy. They provided me with the right guidance and made it easy for me to buy the same from InsuranceDekho.
Read More
R
Bandhan
By Rajesh Puri
On: Nov 22, 2023
User-Centric Approach
I recently switched to the Aegon Life Insurance Policy from InsuranceDekho. The plan focuses on the user's needs and preferences, which is evident in the way their website is designed and the services they offer.
Read More
N
Bandhan
By Nitin Kumar
On: Nov 02, 2023

View All Bandhan Life Insurance Reviews

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FAQs

Does age affect the calculation of premium?
Yes, age does affect the calculation of premium as it is an important factor. As the age increases so do the insurance premium. It is recommended to get term insurance at an early age to avail high life coverage at an affordable price.
Will the premium amount increase after I have purchased the policy?
The ‘basic premium amount’ stays constant throughout the term of policy but the renewal premiums change due to taxes levied by the government and change in premium payment frequency.
How do personal habits like smoking affect the premium of a life insurance plan?
Premiums for smokers are generally high because of the smoking habits they are counted in a high-risk category.
What is a free look period?
A free look period is offered by the insurance companies. A free look period of 15 days is offered from the day the policyholder receives the original policy documents if the policy is purchased through distance marketing the free look period offered is 30 days.
How to choose the right life insurance plan?
Before buying a life insurance plan consider the claim settlement ratio of the insurance company, availability of optional critical illness benefits and availability of addition of accidental death benefits.
Does age affect the calculation of premium?
Yes, age does affect the calculation of premium as it is an important factor. As the age increases so do the insurance premium. It is recommended to get term insurance at an early age to avail high life coverage at an affordable price.
Will the premium amount increase after I have purchased the policy?
Once the policy is issued, premium will remain the same for the entire tenure of the policy.
How do personal habits like smoking affect the premium of a life insurance plan?
Premiums for smokers are generally high because smoking is a health hazard that increases risk. This in turn increases the mortality risk for smokers. The premium will increase if the risk increases.
What is a free look period?
Free-look Period is the period during which the Policyholder has the option to review the terms and conditions of the policy . A period of 30 days is offered from the day the policyholder receives the original policy documents to review the document and request for cancellation.
How to choose the right life insurance plan?
Before buying a life insurance plan one must identify their goals like leaving behind sufficient funds for your family, paying-off loans, funding your children’s education, or investing for the future. Also, consider the claim settlement ratio of the insurance company.