Bandhan Life Insurance

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2 lakh + Happy Customers

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About Bandhan Life Insurance

Bandhan Life Simplifying Insurance for Every Indian

Since its inception in 2008, Bandhan Life (formerly, Aegon Life) has led the charge in transforming the insurance landscape in India. Focused on innovation and customer-centric solutions, the company aims to make insurance accessible, affordable, and straightforward for everyone.

Why Bandhan Life Stands Out:

  • Accessibility: Bandhan Life makes insurance available at your fingertips. Cutting edge technology simplifies the process of choosing, managing, and claiming policies.
  • Simplicity: The company's processes are designed with clarity and ease in mind, offering transparent, hassle-free experiences.
  • Trust: Bandhan Life commits to delivering reliable financial security and peace of mind. A Claim Settlement Ratio of 99.66% is a testament to this commitment.

Explore the difference with Bandhan Life and join in securing a prosperous future for you and your loved ones.

Bandhan Life Insurance Awards & Achievements

The company has been recognized on various occasions for its achievements. Some of its recent achievements are as follows:

  • Awarded the "Digital Company of the Year 2020" at India Insurance Summit 2020
  • Recognised as the "Best BFSI Brand 2019" by The Economic Times
  • Won the "Digital Insurer of the Year in the 2018 edition of the Indian Chamber of Commerce awards

Key Features of Bandhan Life Insurance

Bandhan Life Insurance offers an economical way of securing your family after you. Let's have a look at some of the brilliant features of the policy making it one of the best available term insurance plans in the domain.

  • Solvency Ratio
    The solvency ratio of the company helps an individual ascertain the company's ability to meet its long-term financial obligations. The Solvency Ratio of Bandhan Life Term Insurance company for 2022-23 is 3.33 (As per IRDAI, it is mandatory for every life insurer to maintain a solvency ratio of 1.5).
  • Claim Settlement Ratio:
    The company has a good and reliable claim-settling process with a CSR of 99.66%. (CSR as per IRDAI report of the year 2023-24). Bandhan Life Term Insurance holds one of the highest claims settlement ratios amongst all the insurance companies.
  • Annual Premium
    As per the IRDAI report 2021-22, Bandhan Life Term Insurance recorded an annual premium of Rs. 416.46 Crores.
  • Operating Network
    Bandhan Life Insurance is a global company and has a presence in over 20 countries. Their head office, however, can still be found in The Hague, the Netherlands. The company is headquartered in Mumbai, India, and serves 3 Lakh+ customers.
Bandhan life Insurance Key Features

Bandhan Life Insurance Products List

The products offered by Bandhan Life have attached riders for enhanced protection against accidental death, dismemberment, disability, critical illness, etc. The section below lists the insurance policies offered by Bandhan Life.

  1. Bandhan Life Term Insurance

    Bandhan Term Insurance Plans are a type of life insurance that provides financial security to the family or dependants in case of death of the policyholder. The plans offer enhanced protection to the life assured against 36 critical illnesses inclusive of kidney failure, heart attack and cancer. These plans also help in taking off other liabilities such as home loan, personal loan, car loan, etc.

    Plan Entry Age Maturity Age Sum Assured
    iTerm Comfort Minimum Age:- 18 years
    Maximum Age:- 65 years
    70 years Rs. 25 lakhs and upwards
    Saral Jeevan Bima Minimum Age:- 18 years
    Maximum Age:- 65 years
    70 years Rs. 5 to 25 lakhs (in multiple of ₹50,000/- only)

    Know More About: Bandhan Life Term Insurance

  2. Bandhan Life Savings Plans

    Bandhan savings and investment plans offer multiple benefits such as a loyalty booster at the end of every policy year, simple reversionary bonuses and market-linked returns along with tax benefits to the policy owner.

    Plan Name Entry Age Maturity Age Policy Term
    POS-GRIP Minimum Age:- 1 year
    Maximum Age:- 50 years
    65 years 10-20 years
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Why Choose Bandhan Life Insurance company?

  • Security & Satisfaction: Bandhan life insurance plans are an excellent way to plan your life and execute it in the manner you like. Life Insurance from Bandhan offers peace of mind and satisfaction as well as can help your family to stay financially covered in case something unfortunate happened to you.
  • Income Tax Advantage: The premiums paid and advantages received under Bandhan life insurance policies are eligible for tax deductions under Section 80C and Section 10(10D) of the Income Tax Act, of 1961.
  • Fosters Savings for Life: Bandhan life cover plans help you to invest a regular amount, thereby increasing your future savings, which may come in handy for your family in case you are no longer there to support them.

Buying process at Bandhan Life Insurance

You can buy Bandhan Life Insurance Plan in two different ways i.e. via the official website of Bandhan Life Insurance or you can visit the nearest branch of the company.


  • Fill out the form given at the top of this page with the necessary details.
  • Select your income and city. Click on 'Proceed'.
  • Update your education and occupation details.
  • Choose your preferred plan and click on 'Buy this plan'.
  • Select policy term, premium period, and riders (if required) and then proceed to do the payment.

**Once the payment is made, you will get a payment confirmation at your registered email address.

Steps to buy from Bandhan Life Insurance Official Website

  • Visit the official website and choose your plan.
  • Fill in your personal details like Name, Gender, DOB, Annual Income, etc and click on "Get a Free Quote".
  • Post this form and you will get a call from the customer service team of the company.
  • Tell the salesperson about your need so that he/she can send you the plan details via email.
  • The salesperson will share a payment link with you so that you can make your payment.

Claim Process at Bandhan Life Insurance

Claim Intimation

Submit duly completed claim forms and required documents at the nearest Bandhan Life Branch or at their Head Office.

Document Verification

Upon receipt of the documents, the company commences the Claim Process and futher validates the information provided.

Benefit Payout

Further, upon verification, the company releases the balance/ complete death/ rider benefit amount to the beneficiary.

Bandhan Life Insurance Contact Details

Bandhan Life Insurance Limited, A-201, 2nd Floor, Leela Business Park, Andheri-Kurla Road Andheri-East Mumbai- 400059

Toll-Free Number: 1800-209-9090 (Monday-Saturday | 9am - 7pm IST)

Bandhan Life Insurance: FAQs

1. When can I expect to receive my e-welcome kit/policy document?

Online policy - Once the policy is issued, the soft copy of the policy document is sent to your registered email id within 4 working days.

Offline policy - Once the policy is issued, the soft and hard copy of the policy document is sent to your registered email id and mailing address within 4 working days.

2. How do I check the status of my claim?

The status of your Claim can be identified by calling the Customer Care Helpline at the Toll Free number- 1800 209 9090 or by writing to them at

3. How do I communicate my concerns in regards to a claim decision?

In case a claimant has a query regarding claims, they can approach the Customer Care department at 1800 209 9090. In case the claimant finds the response dissatisfactory, he/she may write to the Grievance Redressal Committee at the following address:

Bandhan Life Insurance Company Limited, Building no.- 3, Third floor, Unit no.- 1, Nesco IT Park, Western Express Highway, Goregaon (East), Mumbai -400063, Maharashtra

If the claimant is still not satisfied, (s)he can approach the Insurance Ombudsman.

4. How I can be able to increase the sum assured of Bandhan insurance policy?

To increase the Sum Assured of Bandhan insurance policy, you need to submit a duly signed request to the Bandhan life insurance company.

5. Is it possible to add or remove a rider from my Bandhan insurance policy?

Yes. you can add or remove riders from your Bandhan Life Insurance plans. You need to submit a duly signed request letter to add a rider to the policy. To remove a rider, you need to call on the hotline number of the Bandhan Life Insurance company. Keep your policy number and T-PIN handy at the time of the call.

6. What are the premium payment modes available for Bandhan Life Insurance plans?

You can pay your Bandhan Life Insurance premium through any of the following options:

  • Net banking.
  • Debit
  • Credit card.
  • Cheque.
  • Cash payment at the branch

7. How can I revive lapsed Bandhan Life Insurance plans?

You can revive a lapsed policy by paying the premium and notifying the company by sending an email/letter.

8. How can I get a copy of my policy document?

You will receive a soft copy of the policy document at your registered email address within 4 working days from the policy being issued.

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What Our Customers Have to Say

Customer Review Image

Rahul Yadav


May 17, 2024

PolicyX’s dedicated support made renewing my Bandhan Life Insurance policy easy. I’m absolutely delighted with the service offered by PolicyX Insurance Advisor.

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Priyanshu Sharma


May 17, 2024

I bought a Bandhan Life Insurance through PolicyX, and I must say the level of communication and assistance I have received has been truly impressive.

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Yash Tomar


May 17, 2024

After getting advice from the PolicyX experts, I chose a Bandhan Life Insurance term plan. Thank you, PolicyX, for helping me buy a term plan at such a low premium.

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Suraj Jhga


May 17, 2024

I was considering buying a life insurance plan when I landed on the PolicX website free comparison service. Thanks to PolicyX, I finally found a Bandhan Life Insurance policy that best fits my ...

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Shreya Chaudhary


April 8, 2024

I am very grateful to the insurance experts of PolicyX and Mr. Ankur, who kindly helped me settle the claim of Aegon Life Insurance. Thanks again, I& 039;ll always remember this favor.

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Neha negi


February 16, 2024 is a Top-notch insurance provider. Competitive rates and excellent coverage options.feels very satisfied with my recent purchase of aagon life insuance

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Yash Pratap Singh


May 26, 2022

One of the best term insurance companies. I lost my wife to Covid. Glad that we had decided to buy Term Insurance from Aegon Life Insurance. After completing the formalities and documentation, ...

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prem khanna


February 24, 2022

I am here to write my experience with aegon insurance company. I always got satisfactory support from the company and their customer care people. They are educated and polite.