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Overview

Bandhan Life Insurance

Bandhan Life: Simplifying Insurance for Every Indian. Since its inception in 2008, Bandhan Life (formerly Aegon Life) has transformed the insurance landscape in India. Focused on innovation and customer-centric solutions, the company aims to make insurance accessible, affordable, and straightforward. Bandhan Life Insurance offers a range of insurance plans, including Savings, ULIP, Guaranteed, and Child plans. Policyholders can check their status via the company's website.

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

Tailor-made Plans
Digital Excellence
Customer Centricity
Partnerships with Bank of Baroda and Union Bank of India

COMPANY DETAILS

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Bandhan Life

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Hdfc Child

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans - ❯	No. of Plans - ❯
Annual Premiums Collected (2024-25)	Annual Premiums Collected (2024-25) ₹ 512.28 crores	Annual Premiums Collected (2024-25) ₹ Rs 1 lakh to No limit
Payout Options	Payout Options Lump sum, regular frequencies or a combination of both	Payout Options -
Claim ratio	Payout Options 99.73%%	Payout Options Minimum Age- 0 years%
Solvency Ratio	Solvency Ratio 2.69	Solvency Ratio 70 years
Pan India Presence	Pan India Presence 130+	Pan India Presence Annual, half-yearly,
Riders Available	Riders Available Bandhan Life AD Rider, Critical Illness Rider, Accidental Total and Permanent Disability (ATPD) Rider, Waiver of Premium Rider, Income Benefit Rider, Terminal Illness Benefit	Riders Available 21 ninus child entry age
Policy Term	Policy Term 5-50 years	Policy Term 18 ninus child entry
Inception year	Inception year -	Inception year -
Complaint ratio per ₹1 crore of premium collected	Complaint ratio per ₹1 crore of premium collected -	Complaint ratio per ₹1 crore of premium collected -
Average claim settlement time	Average claim settlement time -	Average claim settlement time -
IRDAI registration number	IRDAI registration number -	IRDAI registration number -
Awards and recognitions	Awards and recognitions -	Awards and recognitions -
Recommended Videos	Bandhan Life iTerm Prime \|\| Bandhan Life i Term Prime Term Plan \|\| Best Term Plan in 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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