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.

Bandhan Life Insurance Plans

134 reviews

Bandhan Life Insurance

Highlights

Claim Settlement Ratio	99.37 %
Customer Care	9:00 AM to 7:00 PM
Death Benefit Paid For	274 policies
Total Death Benefit Paid	86.14 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 98.01% in the financial year 2019-20.

Bandhan Life Insurance Term Plans

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

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.
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.
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.

Gender

Male
Female

Date of Birth

Do you smoke or chew tobacco?

Yes
No

Choose required coverage to secure your family’s future

50L

1Cr

1.5Cr

2Cr

Coverage

Disclaimer :

1. Premium has been calculated for coverage till 60 years

2. Eligibility depends on income, occupation and educational qualification

Best Bandhan Life Insurance Plans

1 Crore

1.5 Crore

2 Crore

2.5 Crore

Smart Secure Plus - Base

LIFE COVER
Tax Free
₹1 Cr
CLAIMS SETTLED ₹99.51%

Starting From ₹ 682/Month

Key Features:

Zero Cost Benefit
Terminal Illness
Nominee's Choice payout
Voluntary Top Up

IProtect Smart

LIFE COVER
Tax Free
₹1 Cr
CLAIMS SETTLED ₹95.28%

Starting From ₹ 812/Month

24hr Claim Settlement

Key Features:

Waiver of Premium on Disability
Terminal Illness
Life Stage Benefit
Special Exit Benefit

HDFC C2PS Life

LIFE COVER
Tax Free
₹1 Cr
CLAIMS SETTLED ₹99.39%

Starting From ₹ 771/Month

24hr Claim Settlement

Key Features:

Terminal illness
Special Exit - Option to get your premiums back
Renewability Option

See More Plans

User Reviews

4.7

Rating based on

134 User reviews

What users are saying

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.
Read More
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.
Read More
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.
Read More
S
Bandhan
By Soma Sunder
On: Nov 16, 2023
Responsive Mobile App
I often use the InsuranceDekho mobile app, and it's just as user-friendly as the website. It makes managing my Aegon Term Insurance-iTerm Insurance Plan on the go a breeze.
Read More
N
Bandhan
By Nitika Chahal
On: Nov 07, 2023
Family-Focused Plans
InsuranceDekho offers family-focused term insurance plans, ensuring that all members of my family are covered under one policy. The Aegon Term Insurance Policy is convenient and cost-effective.
Read More
K
Bandhan
By Kamal Kishore
On: Oct 03, 2023

View All Bandhan Life Insurance Reviews

Why to Buy Term Insurance Policy Online from InsuranceDekho

Tax benefit upto 1,50,000*
Claim support everyday 10AM-7PM
66 Lacs+ happy customers

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Bandhan Life Insurance Contact Details

Reach us for help anytime

Insurance Dekho
755 1196 989Mon to Sun 10:00 AM to 7:00 PM
support@insurancedekho.com
Bandhan Life Insurance
1800-209-9090Mon to Sat 9:00 AM to 7:00 PM
customer.care@bandhanlife.com

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.