Bandhan Life Insurance CSR
  • CSR of the Company
  • Types of Claims
  • Claim Filing Process
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*



Bandhan Life Insurance Claim Settlement Ratio

The claim settlement ratio (CSR) denotes the count of claims that an insurance company resolves over a particular period. It is a pivotal metric to evaluate the performance of an insurer as it measures the percentage of claims settled by the insurer relative to the total number of claims received during that time. The CSR is calculated by dividing the total amount of claims paid out by the total number of claims received.

An insurance provider with a high claim settlement percentage has a proven track record of efficiently managing claims and fulfilling its commitments to policyholders under the policy's terms. As a policyholder, it is advisable to verify an insurer's CSR before purchasing a policy. A high CSR can provide policyholders with assurance that the insurance company is trustworthy and financially sound.

Bandhan Life Insurance Claim Settlement Ratio

As per IRDAI, Ageas Federal Life Insurance Claim Ratio is 97.03%. Bandhan Life Insurance is a life insurance company operating in India, established as a joint venture between Bandhan Life N.V., an international provider of life insurance, pensions, and asset management, and the Times Group. Bandhan Life Insurance has a strong digital presence and offers its services online, making it convenient for customers to purchase, manage and track their policies.

The claim settlement ratio (CSR) of Bandhan Life indicates the percentage of claims settled by the insurer against the total number of claims received in a financial year. As per the IRDAI's (Insurance Regulatory and Development Authority of India) annual report for the financial year 2023-24, Bandhan claim settlement ratio is 99.66%.

Other Life Insurance Claim Settlement Ratio

Types Of Bandhan Life Claim Settlement Process

A policyholder or the policyholder's nominee may submit claims in a number of different methods. Depending upon their convenience, they can opt to have their claims handled offline or online. A claim can be submitted by the claimant via post or in-person to the nearest Bandhan Life branch or their headquarters.

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

Bandhan Life Insurance Claim Settlement Process

Step 1: The first and foremost step is to report the claim. The policyholder or the nominee can report the claim by visiting the nearest Bandhan Life branch with the claim form and the documents or post them to the branch office.

Mandatory Documents to be submitted:

  • Claim Form
  • Name of the Life Assured
  • Policy Document ( Original)
  • Date of death / event of the Life Assured
  • Cause of Death/event
  • Contact Details
  • Current address proof of the claimant
  • Photo ID proof
  • Claimant’s Valid bank passbook/statement or Cancelled Cheque with pre-printed name and bank account number

Step 2: Upon receiving the claim, the team conducts a thorough review of the claimant's information and provides personal assistance at every stage. If necessary, the team may also request additional documents that are essential for the claim's investigation.

Step 3: The insurance company meticulously examines all the claim-related documents to evaluate and determine the claim. Once the claim is approved, the beneficiary or policyholder is promptly informed of the payout.

Life Insurance Articles

Life Insurance FAQs

Life Insurance FAQsSeptember, 2021

Bandhan Life Claim Settlement: FAQs

1. What is Bandhan Life claim ratio for the financial year 2023-24?

The claim settlement of Bandhan Life insurance for the year 2023-2024 is 99.66%.

2. What are the types of claims settlement processes offered by Bandhan Life insurance?

The claim settlement processes offered by Bandhan Life insurance is - offline claims i.e. in-person or via post.

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.

Customer Review Image

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.

Customer Review Image

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.

Customer Review Image

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 ...

Customer Review Image

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.

Customer Review Image

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

Customer Review Image

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, ...

Customer Review Image

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.