Bandhan Term Insurance
Bandhan Life, formerly known as Aegon Life Insurance, is a prominent term insurance provider that has served over 5 ...Read More
The headline features and policy mechanics, at a glance.
Affordable premium options starting from entry-level to comprehensive whole-life protection.
Industry-leading approval rate on eligible term insurance claims in the most recent fiscal year.
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
Choose from level cover, increasing cover, and return-of-premium variants.
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
Branch offices and claim service centres across India for easy policy servicing.
Bandhan Life, formerly known as Aegon Life Insurance, began its operations in India in July 2008. Since its inception, the insurer has served over 5 million customers with its quick and easy buying and claim settlement processes.
Bandhan Life Insurance offers various life insurance products, including term insurance. Their term insurance plans feature affordable premiums and comprehensive benefits such as death, maturity, and return of premiums. They provide digital life insurance solutions designed to cater to the unique needs of customers. You can also check Bandhan Life Term Insurance reviews to help choose the right plan.
Every plan currently being sold by Bandhan Term Insurance, shown side-by-side so you can shortlist quickly.
Bandhan Life Saral Jeevan Bima is a pure protection, simple, and easy-to-understand plan that offers a death benefit to your nominee in case of your d...
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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...
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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...
Side-by-side across the 3 most-bought Bandhan Term Insurance plans on PolicyX.
| Feature | Bandhan Life Saral Jeevan Bima | Bandhan Life iTerm Comfort | Bandhan Life i-term Prime |
|---|---|---|---|
| Plan type | Term Plan | Term Plan | Term Plan |
| Sum assured | Base sum assured: 5 lakhs to 25 lakhs | Base sum assured: ₹25 lakh - ₹1.25 crore | Base sum assured: ₹25 lakhs to no upper limit |
| Entry age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age: 18 years, Maximum Age: 65 years | Minimum Age - 18 years Maximum Age - 65 years |
| Top benefits | Flexible premium payment term · Affordable premiums | Bandhan Life CI Care Rider · Bandhan Life AD Rider | Bandhan Life Women CI Rider · Bandhan Life CI Care Rider |
Enhance your term plan with optional add-on riders for broader protection.
Bandhan Life Accidental Death Benefit Rider
This rider provides an additional payout if the policyholder's death occurs 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 upon diagnosis of a listed critical illness.
For policy purchase and claim submission. Have these ready before you start.
To purchase a Bandhan term insurance plan, certain eligibility criteria must be met. Let's understand them in detail:
Age: Individuals between 18 and 65 years of age are eligible to apply for a term life insurance plan. Age is a key factor in determining the term insurance premium.
Health Condition: As Bandhan term insurance plans cover the policyholder's life, most insurers require a health examination to assess current health and inherent risks. Honesty about your health condition and medical history is crucial to avoid claim settlement issues.
Income: While there's no specified minimum income, insurers may request bank statements and salary slips to determine appropriate coverage for your term plan.
Smoking Habits: Disclosure of smoking habits (past or present) is mandatory, as smokers face higher health risks like lung cancer.
Citizenship: Indian citizens can purchase a Bandhan term insurance plan in India. Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can also avail the benefits of a term insurance plan in India.
Bandhan Life Term Insurance Plans offer several additional benefits to policyholders:
Bandhan Life term plans offer flexible premium payment terms, ranging from 10-15 years for limited pay and up to 60 years for regular pay options.
Some Bandhan Life term insurance plans provide a smart exit option, allowing you to receive all your premiums back.
Bandhan Life term plans, such as iTerm Comfort, offer maturity benefits where all premiums paid are returned.
Policyholders can choose a policy tenure that best suits their needs.
Bandhan Life term insurance offers a 5% online discount on first-year premiums.
Bandhan Life offers various term plans, each with distinct features, benefits, and premiums. You can select the one that best suits your requirements:
This plan provides only a death benefit to the nominee at an affordable cost, with no maturity benefit.
This plan offers inbuilt coverage against accidents, disability, and death.
This plan provides affordable term insurance coverage with flexible policy terms.
This plan offers inbuilt coverage against critical illnesses.
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
Filing a claim for Bandhan Life Term is a simple and hassle-free task. You can easily file and submit your claims online or offline. To file a claim for a Bandhan Term Plan, follow these steps:
Follow these steps to buy a Bandhan Life Term Plan:
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 SinghI 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 VarshneyI'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 MaryI 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 ShahPolicyX 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 RathodI 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 MahajanThe 12 most-asked questions about Bandhan Term Insurance, answered.
Aggregate ratings from 947 verified PolicyX customers who bought a Bandhan Term Insurance plan.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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Compare Bandhan Term Insurance term plans with other top insurers in India.
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