Bandhan Life Insurance Renewal
  • Renewal of Bandhan Policy
  • Benefits of Renewing
  • Premium Payment Steps
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Bandhan Life Insurance Renewal

Bandhan Life Renewal policy is available for customers who wish to renew their life insurance policies with Bandhan Life Insurance Limited. Bandhan Life offers various types of life insurance policies, including term insurance plans, savings plans, ULIPs, and group insurance plans.

The renewal process for life insurance policies with Bandhan Life depends on the type of policy that you have. Typically, term insurance policies can be renewed for a limited period of time (up to 10 years) or until a certain age (up to 80 years). The renewal premium is calculated based on several factors, including your age, health status, and other relevant information at the time of renewal.

For your Bandhan Life policy renewal, you can visit the company's website or contact their customer care team for assistance. We recommend you to renew Bandhan life policy before the due date to ensure uninterrupted coverage. Moreover, you may have the option to enhance your coverage or change the term of the policy when you renew it through Bandhan Life Renewal policy.

Importance and Benefits of Bandhan Life Insurance Renewal

Renewing your Bandhan life insurance policy is crucial to ensuring continued coverage and financial protection for yourself and your loved ones. Here are some of the benefits and importance of Bandhan life insurance renewal:

  • Uninterrupted coverage
    By renewing your policy on time, you ensure that there are no gaps in your coverage, which means that you and your family remain protected in case of any unfortunate events.
  • Customization options
    When renewing your Bandhan life insurance policy, you may have the opportunity to customize your policy to better suit your changing needs. You may be able to change the coverage amount, term, or add riders to enhance the protection.
  • Competitive premiums
    Renewing your policy allows you to continue enjoying the same premiums as before, which is often less than what a new policy would cost. Additionally, by maintaining a good track record, you may also qualify for loyalty discounts or other benefits.
  • Convenience
    Bandhan Life Insurance Limited provides a hassle-free renewal process that can be done online or by contacting their customer care team, which saves you time and effort.
  • Tax benefits
    Renewing your Bandhan life insurance policy can also provide you with tax benefits. The premium paid towards your policy is eligible for tax deduction under Section 80C of the Income Tax Act, 1961.

Steps Involved In Bandhan Life Renewal Premium Payment

Here are the steps involved in renewing your Bandhan Life Insurance policy. There majorly only two modes by which you can pay the renewal premium payment i.e. Online mode and Offline mode.

Payment of Bandhan Life Renewal Online:

  • Visit the Bandhan Life Insurance website and log in to your account. If you don't have an account, you may need to register first.
  • Navigate to the 'Renewal' section and select the policy you want to renew.
  • Review the details of your policy and confirm the premium amount.
  • Choose a payment method - you may be able to pay online using a debit card, credit card, net banking, or UPI.
  • Make the payment for the renewal premium.
  • After successful payment, you will receive a confirmation of your policy renewal.

Bandhan Life Offline Renewal Payment:

  • Visit the nearest Bandhan Life Insurance branch.
  • Collect the renewal form from the branch or download it from the Bandhan Life website.
  • Fill out the form with accurate details.
  • Submit the form along with the renewal premium payment via cheque or demand draft.
  • After successful payment, you will receive a confirmation of your policy renewal.


Bandhan Life Insurance is a reliable and trustworthy insurance company that provides comprehensive life insurance coverage to its customers. Renewing your policy on time is important to ensure uninterrupted coverage, and you can renew your policy through Bandhan Life's website or by visiting a branch office. The renewal premium is calculated based on various factors, including age, health status, and other factors.

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What Our Customers Have to Say

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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.

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of Insurance Web Aggregator.