Bandhan Term Insurance
  • Flexible death benefit
  • 99.66% CSR
  • Premiums discounts for females
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*

Gender

Age

About Bandhan Life Term Insurance Plans

Bandhan Life, formally known as Aegon Life Insurance started its operations in India in July 2008. Since its inception, the insurer has served more than 5 million customers with its quick and easy buying and claim settlement process.

Bandhan Life Insurance offers various insurance products one of which is term insurance. Their term insurance plans come with affordable premiums and comprehensive benefits of death, maturity, and return of premiums.

What are some of the
Benefits
that set them apart?

  • Special exit value

  • Affordable premiums

  • Tax benefits

  • Accidental death benefit

  • Flexible premium payment terms

  • Critical illness benefit

  • Max sum assure up to 1.5 crores

  • Special premium discounts for women and non-smokers

  1. Solvency Ratio
    3.1
  2. Claim Settlement Ratio
    99.3%
  3. Annual Premium
    369.5%
  4. Branches
    150

Bandhan Term Insurance Plans

Bandhan Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by Bandhan Term Insurance.

Plan Entry Age Tenure Min. Sum Assured Unique Features
Bandhan Life i-term Prime Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Base sum assured: 25
  • Special Exit value
  • Accidental death benefit
  • Affordable Premium
Bandhan Life iterm comfort Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Base sum assured: 25
  • Protection against 36 critial illness
  • Flexible Premium payment term
  • HIgher sum assured

Overview of Bandhan Term Insurance Plans

Here is a quick overview of the Bandhan Term Insurance Plans listed in the above table.

Bandhan Life i-term Prime Plan

Bandhan Life i-Term Prime is a comprehensive term insurance plan which offers life coverage along with inbuilt critical illness and accidental death benefit cover.

Here are the key features of the above plan
  • Affordable premiums
  • High sum assured rebate.
  • A limited premium payment term of 2/3rd of your policy term.
  • Enhanced coverage with rider benefits.

Explore other Bandhan Term Insurance

Bandhan Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Bandhan Term Insurance plans. Below is the list of term plans offered by Bandhan Term.

Bandhan iTerm Prime Plan is a pure protection term insurance plan that comes with affordable premiums. The plan has a minimum sum assured of 25 lakhs ...

Unique Features

  • Affordable Premiums
  • High Coverage
  • Riders Available

Bandhan Life i-term Prime (Pros)

Bandhan Life i-term Prime
  • Bandhan Life Women CI Rider
  • Bandhan Life CI Care Rider
  • Bandhan Life WoP Rider on CI

Bandhan Life i-term Prime (Cons)

Bandhan Life i-term Prime
  • No Maturity Benefit
  • No Loan Allowed
  • Policy Terminates Post Payment of Death

Bandhan Life i-term Prime (Other Benefits)

Bandhan Life i-term Prime
  • Surrender Benefit
  • Inbuilt Terminal Illness Benefit
  • Life Coverage Till the Age of 100 Years

Bandhan Life i-term Prime (Eligibility Criteria)

Bandhan Life i-term Prime
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 100 Yrs
  • Premium Payment Term - SP

Bandhan Life iTerm Comfort, from Bandhan Life Insurance Company, is a pure protection plan that offers a guaranteed lump sum payout in the event of yo...

Unique Features

  • Comprehensive protection
  • Special exit value
  • 2 rider benefits

Bandhan Life iterm comfort (Pros)

Bandhan Life iterm comfort
  • Bandhan Life CI Care Rider
  • Bandhan Life AD Rider
  • Suicide Cover After 12 Months

Bandhan Life iterm comfort (Cons)

Bandhan Life iterm comfort
  • No Maturity Benefit
  • No Loan Allowed
  • No Surrender Benefit

Bandhan Life iterm comfort (Other Benefits)

Bandhan Life iterm comfort
  • Tax Benefit
  • Option to Attach or Detach Riders
  • Policy Revival Within 5 Years

Bandhan Life iterm comfort (Eligibility Criteria)

Bandhan Life iterm comfort
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term - 40 Years

Recommended Videos

Aegon Life Term Insurance

Aegon Life Term Insurance

Riders You Can Avail With Bandhan term insurance Plans

Bandhan Term Insurance plans offer riders or add-ons that enhance the scope of your insurance coverage. Riders are extra benefits that can be added to your base policy at an additional cost, which is generally very minimal. In this section, we will discuss the riders available with Bandhan Life Term Insurance plans in points:

Name of the Riders 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.

Benefits of Bandhan Term Insurance

Bandhan Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose Bandhan Term Insurance Plans:

Maternity Benefit Rider

Financial Security

In case of unforeseen demise of the life insured during the policy term, Bandhan Life Term Plans offer Guaranteed death benefit to the nominee.

Maternity Benefit Rider

Affordable Premiums

Bandhan's term insurance plans provide extensive coverage at affordable premiums, ensuring your family's complete protection without straining your finances.

 

Maternity Benefit Rider

High Coverage
Amount

Bandhan Life Term insurance policies offer a high coverage amount, which can range from a few lakhs to several crores of rupees.

Maternity Benefit Rider

Tax Benefits

Term insurance policies offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, of 1961.

Maternity Benefit Rider

Flexibility

Term insurance policies offer flexibility in terms of the policy term, coverage amount, and riders. You can plan your term insurance as per your needs.

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Additional Benefits Offered By Bandhan Plans

Bandhan Life Term Insurance Plans offer various additional benefits to the policyholders.

Flexible-Premium Payment Term

Bandhan Life Term plans to offer flexible Premium payment terms ranging from 10-15 years for limited and 60 years for regular.

Smart Exit Option

Once you attain the age of 55 years, with Bandhan term plans you can easily exit your policy and take back all paid premiums.

Maturity Benefit

With Bandhan term insurance, you can receive maturity benefits equal to all the paid premiums.

Affordable Premium Rates

Bandhan Term Plans offer affordable premium rates. So, you can purchase a higher sum assured term plan at an affordable cost.

5% Discount on Premiums

Bandhan life term insurance offers a 5% online discount on the first-year premiums.

Types of Bandhan Life Term Plans

There are a plethora of Bandhan Life Term Plans based on their features, benefits, and premiums. You can select the one that best suits your requirements.

Basic Term Plan

Plan Name: Bandhan Life Saral Jeevan Bima

This plan only provides a death benefit to the nominee and comes at an affordable cost. No maturity benefit will be given.

Term Plan With Accidental Death Benefit Cover

Plan Name: Bandhan Life i-Term Prime

This plan offers inbuilt coverage against accidents, disability, and death.

Term Insurance With Affordable Premiums

Plan Name: Bandhan Life iTerm Prime

This plan offers affordable term insurance coverage along with flexible policy terms. 

Term Plan with Critical Illness Cover

Plan Name: Bandhan Life i-Term Comfort

This plan offers inbuilt coverage against critical illnesses.

Documents Required to Buy Bandhan Life Term Insurance

Here are the documents required to buy Bandhan Life Term Insurance:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving License.

How to Buy a Bandhan Term Insurance Plan?

You can buy the Bandhan Term Insurance policy from Policyx.com or the Bandhan Term Insurance website.

Life Insurance
  • Step 1

    Fill out the form given at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to make the payment.

Life Insurance
  • Step 1

    Visit the official website of Bandhan  Life Insurance Company.

  • Step 2

    Click on ‘Buy Term Plan' on the navigation bar and select ‘Term Insurance Plans'.

  • Step 3

    Click on the ‘Buy Now' button and fill in the required details.

  • Step 4

    Tap on 'Next' and select a plan as per your requirements.

  • Step 5

    Select the cover option you want and make your payment.

Why Choose PolicyX.com?

Don't just take our word for it - check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

How to File a Bandhan Life Term Insurance Plan Claim

Filing a claim for Bandhan Life Term is a simple and hassle-free task. You can easily fill and submit their claims online or offline. To file a claim for Bandhan  Term Plan, you need to follow the below-mentioned steps.

Online Process

Your Occupation
1

Claim Reporting

Inform the company about the incident via any of the channels- by writing an email at balic.healthclaims@healthindiatpa.com, calling the toll-free number (1860 209 7272), filling out the online claim form on its website, or visiting the nearest branch.

Your Occupation
2

Claim Review

Bandhan customer support staff will review your claim form and will assist you at every step. Their staff will next evaluate your claim and notify you if any papers are still pending.

Your Occupation
3

Claim Approval and Settlement

After receiving all the documents and claim forms, the company will verify the details as per their norms. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over a call or an email.

Offline Process

Bandhan Term Insurance claim settlement procedure can also done by visiting the local Bandhan Branch Office. For the details of Bandhan Life Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.

Your Occupation
Life Insurance

More Queries?

If you have any more queries regarding Bandhan Term Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

Bandhan Life Term Insurance: FAQs

1. What is the claim settlement ratio of Bandhan Life Term Insurance?

The claim settlement ratio of Bandhan Life Term Insurance is 99.3

2. What is the minimum age to purchase Bandhan Life Term Insurance?

The Minimum age to purchase Bandhan Life Term Insurance is 18 years.

3. Does Bandhan Life Insurance have an all-India Presence?

Yes, Bandhan Life Term Insurance have an India Presence with more than 150+ plus branches.

4. How much free-look period is available in Bandhan Life Term insurance?

Bandhan life insurance offers 30 days of free-look period.

5. Can I view my Bandhan Life term insurance in the mobile app?

Yes, you can view your Bandhan Life Term Insurance status on the PolicyX.com mobile app, along with Badhan Life Term Insurance.

Other Term Insurance Companies

Share your Valuable Feedback

Rating Icon

4.6

Rated by 868 customers

Was the Information Helpful?

Select Your Rating

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Reviews and Ratings
Himanshu Kumar

Written By: Naval Goel

Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.