Bandhan Life
vs
Bajaj Life

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  • Multiple sum assured options
  • Choice of premium-payment term
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Bandhan Life vs Bajaj Life

Bandhan Life

Bandhan Life Insurance is one of the major player transforming the insurance sector in India. The company aims to make insurance accessible, affordable, and straightforward for everyone.

Bajaj Life

Bajaj Allianz Life Insurance offers diverse range of insurance solutions including term insurance plans, ULIPs, retirement plans, saving plans, child plans and much more.

COMPANY DETAILS Edit Bandhan Life Insurance

Bandhan Life

 Edit Bajaj Allianz Life Insurance

Bajaj Life
Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

Rs. 369.95 Cr

Annual Premiums Collected (2023-24)

461.43 Cr.
Payout Options

Payout Options

Lump sum, regular frequencies or a combination of both

Payout Options

Lump sum, monthly or a combination of both
Claim ratio

Claim ratio

99.03%

Claim ratio

99.29%
Solvency Ratio

Solvency Ratio

3.1

Solvency Ratio

3.59
Branches

Branches

130+

Branches

544+
Riders Available

Riders Available

Accidental Death Benefit Rider, Critical Illness Rider

Riders Available

Waiver of Premium Benefit Rider, Family Income Benefit Rider, Accidental Death Benefit Rider, Accidental Permanent Total/Partial Disability Benefit Rider, Critical Illness Rider
Policy Term

Policy Term

5 to 40 years

Policy Term

10 to 40 years

Know More About Companies

Overview

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. Bandhan Life Insurance offers a range of insurance plans such as: Savings, ULIP, Guaranteed, Child and so on. You can check Bandhan Life Insurance policy status via their website.

Bandhan Life Insurance Company ensures to look after your insurance needs by offering:

why-choose

  • Tailor-made Plans

  • Digital Excellence

  • Customer Centric

  • Partnered with Bank of Baroda and Union Bank of India

Riders

Riders You Can Avail With Bandhan Life Insurance Plans

Name of the Rider Benefits
Bandhan Life Accidental Death Benefit Rider This rider provides an additional payout in case of the policyholder's death due to an accident. The payout amount is usually a multiple of the sum assured chosen at the time of policy purchase.
Bandhan Life Critical Illness Rider This rider provides a lump sum payout to the policyholder in case of the diagnosis of a listed critical illness.

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Other Life Insurance Companies

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Bajaj Allianz Life Insurance offers diverse range of insurance solutions including term insurance plans, ULIPs, retirement plans, saving plans, child plans and much more.

Bajaj Allianz Life Investment Plans Plans

Bajaj Allianz Life Investment Plans

Bajaj Allianz Life POS Goal Suraksha Plan

Bajaj Allianz Life POS Goal Suraksha Plan

Bajaj POS Goal Suraksha Plan is a combination of a life insurance plan and a savings plan. It provides death benefits to your loved ones in case of yo...

Unique Features

  • Guaranteed additions
  • Limited payment term
  • Alter payment modes

Bajaj Allianz Life POS Goal Suraksha Plan (Pros)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Guaranteed maturity benefit
  • Limited premium payment term
  • Option to take policy loan

Bajaj Allianz Life POS Goal Suraksha Plan (Cons)

Bajaj Allianz Life POS Goal Suraksha Plan
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

Bajaj Allianz Life POS Goal Suraksha Plan (Other Benefits)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Return of premium
  • Death benefits in installments
  • Flexible policy term

Bajaj Allianz Life POS Goal Suraksha Plan (Eligibility Criteria)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Minimum entry age- 18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- 30 thousand
  • Maximum sum assured- 25 Lac
  • Maximum policy terrm- 67 years

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. 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 PolicyX.com Insurance Web Aggregator.

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