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Bandhan Life Insurance Plans

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Bandhan Life Insurance
Highlights
Claim Settlement Ratio99.66%
Customer Care9:00 AM to 7:00 PM
Death Benefit Paid For274 policies
Total Death Benefit Paid86.14 Crore

Bandhan Life Insurance Company is a joint venture between Times Group and Bandhan Group, and started operating in July 2008. It. The insurer provides several term life insurance plans with great features and multiple benefits. Bandhan Life Term insurance plans are cost-effective but designed to cater to the diverse range of requirements of policyholders. Bandhan Life Insurance featured an impressive claim settlement ratio of 99.66% in the financial year 2023-24.

Bandhan Life Insurance Term Plans

Bandhan Life Insurance offers various term insurance plans. The details of the plans are as follows:

  1. Bandhan Life iTerm Prime: Bandhan Life iTerm Prime provides coverage for life insurance as well as lump-sum benefits. The minimum entry age of Bandhan Life iTerm Prime is 18-65 years and the maturity age is 23-70 years. To enhance the plan benefits even more, you can also include riders such as Accidental Death Benefit rider and Critical Illness Rider.
  2. Bandhan Life iTerm Comfort: Bandhan Life iTerm Comfort provides death benefits to the nominees in case the policyholder meets an unfortunate death. With Bandhan Life, you can buy this plan just by submitting a few documents. You can also save tax of up to Rs. 46,800 with the Bandhan Life iTerm Comfort plan. This plan also offers a special exit value which means that once you are 55 years of age, you can make an exit from the plan.
  3. Saral Jeevan Bima: Saral Jeevan Bima is one of the best term plans to secure the future of your loved ones in your absence at affordable premiums. There are three payment options available with the Saral Jeevan Bima plan, Single Payment, Regular Pay, and Limited Pay. You can also include riders in the Saral Jeevan Bima plan to further enhance its benefits.



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Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
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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

Best Bandhan Life Insurance Plans

1 Crore
1.5 Crore
2 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
Starting From ₹ 771/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Terminal illness
  • Right Green Tick Special Exit - Option to get your premiums back
  • Right Green Tick Renewability Option
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
Starting From ₹ 1398/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Special Exit Benefit
  • Right Green Tick Terminal illness
  • Right Green Tick Accidental Death
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User Reviews

4.7
Rating based on
136 User reviews
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What users are saying
  • All
  • Complete Cover

    Last year, when I bought my term plan from Bandhan Life Insurance, I was a bit doubtful. But, having a critical illness rider on my term plan provided me with additional financial security. Recently, I was able to take advantage of its benefits. Thanks to InsuranceDekho for suggesting this option!

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    S
    Bandhan
    By Shoba rani
    On: Jun 20, 2024
  • Fantastic Service

    I decided to buy family insurance from InsuranceDekho, and choosing the Bandhan term insurance for my family's safety was a no-brainer. Their process was smooth, making it easy for me to understand and secure our future without hassle.

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    N
    Bandhan
    By Nandini Goyal
    On: Jun 07, 2024
  • Quick and Easy Process

    InsuranceDekho is the best online platform to buy term insurance plans. I bought the Aegon Term Insurance Plan quickly and easily. Comparing the plans to buying the best term plan for myself by very easy and smooth process. Thank you InsuranceDekho for helping me out.

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    J
    Bandhan
    By Jatin Sharma
    On: Feb 07, 2024
  • Effortless Service

    The team of InsuranceDekho offered me effortless customer support when I was buying the Aegon Term Insurance plan with them. They helped me completely and made it easier for me to buy the Aegon term Insurance Plan from InsuranceDekho.

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    N
    Bandhan
    By Niharika Saini
    On: Dec 11, 2023
  • Responsive Customer Support

    Dealing with InsuranceDekho's customer support was a positive experience. They were quick to respond to my queries about my Aegon Term Insurance-iTerm Insurance Plan, providing clear and concise information about my term insurance policy.

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    S
    Bandhan
    By Soma Sunder
    On: Nov 16, 2023
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Bandhan Life Insurance Contact Details

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Claim Process at Bandhan Life Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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FAQs

  • What will I get if my Bandhan Life Term Insurance policy matures?

    Bandhan Life Term plan does not have a maturity benefit. The benefits will be paid out to the policyholder family in case of his/her death or to the policyholder in case if he/she is diagnosed with a terminal illness. If the policyholder chooses the critical illness benefit, the benefits would be paid out to the policyholder if he/she is diagnosed with any of the listed 36 critical illnesses.

  • Can I make changes to my Bandhan term policy after I buy it?

    No, policy terms and the premium amount cannot be changed once the policy is bought.

  • Are terrorist attacks covered under the Bandhan life term insurance policy?

    Yes, death due to terrorist attacks is covered under the Bandhan term plan. The death benefit can be claimed by the policyholder nominee or the legal heir. 

  • How much life cover should I select when I buy an Bandhan term plan?

    Your ideal life cover amount should depend upon your financial situation. Income and Liabilities should be taken into consideration. The basic rule to select your life cover is:

    • At age 30 years, life cover should be 20 times your annual income.
    • At age 40 years, life cover should be at 15 times your annual income.
    • At age 50, your life cover should be 10 times your annual income.

  • What is Critical Illness Cover?

    Critical illness cover is an additional benefit rider available with Aegon term plan which will provide the policyholder with a lump sum payout if diagnosed with listed 36 critical illnesses. There are no restrictions on hospitals or against any expenses incurred.

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