Buy Policy in just 2 mins
2 lakh + Happy Customers
Free Comparison
Bandhan iTerm Plan is a pure protection term insurance plan which comes with affordable premiums. The plan has minimum sum assured of 25 lakhs with no upper limit on the maximum sum assured. Bandhan iTerm policy also comes with a 'Special Exit Value' which lets you withdraw your policy mid-term and get your premiums back if you do not need the term plan anymore. The policy is available online for a hassle free purchase and offers 5% discount on first year premium. You can attach 2 riders to your Bandhan iTerm Prime plan namely Bandhan Life Accidental Death Rider and Bandhan Life Critical Illness Care Rider. The plan also gives you the advantage of detaching these riders when you do not need them at the next due date of your premiums after you have requested the same with the insurer.
Lets understand Bandhan Life iTerm Prime Plan in detail.
The user has to fulfil the following eligibility criteria :
Criteria | Specifications | ||||||
Entry Age | Minimum: 18 Years Maximum: 65 Years | ||||||
Maturity Age | Minimum
| ||||||
Policy Term | Minimum
| ||||||
Premium Payment Term | Regular Pay: Policy term Limited Pay: 10 & 15 years | pay till age 60 | ||||||
Base Sum Assured | Minimum- 25 Lakhs Maximum- No upper limit | ||||||
Premium Payment Frequency | Annual, Half-yearly and Monthly |
The plan comes with some amazing customer centric benefits such as:
Let us understand the plan with an example :
Mr Purvesh Sharma is a 30-year-old male who doesn't smoke. He opts for the Bandhan Life iTerm Prime plan. Let us look at how much premium he will have to pay:
Sum Assured | 50 lakhs |
Policy Term | 40 years (Coverage till age 70 years) |
Premium Payment term | 40 years (Regular Pay) |
Annualized Premium | Rs 7249 |
If Purvesh passes away at the age of 60 years, the nominee of the policy will get a lump sum of 50 lakhs. After the death benefit payout, the policy will terminate.
The plan doesn't offer the following benefits:
Bandhan Life offers easy-to-purchase life insurance solutions to cater to your life insurance requirements.
A standard pure protection plan with simple terms and conditions providing death benefit to the family of the policyholder.
Unique Features
A plan enriched with add-on riders for Accidental Death and Critical Illness, coupled with an assured life insurance cover that offers a lump-sum payout
Unique Features
This comprehensive policy offers the flexibility to enhance life coverage and attach or detach riders, with a choice of 4 riders and coverage for 36 critical illnesses.
Unique Features
Bandhan iTerm Prime is a pure-term insurance plan that offers death benefits in case of the death of the policyholder. It is a simple plan that offers additional coverage through riders, the extra coverage includes situations like accidental death and critical illness. The plan does not offer any flexibility in premium payment terms, surrender benefits, and maturity benefits. It comes with high coverage and lower premiums so it is a good option if you are looking forward to a cost-effective term plan. Overall it is a pure protection plan with decent features, if you wish for an uncomplicated plan with affordable premium Bandhan iTerm Prime is the best option.
No, the plan comes with affordable premiums and high coverage
The minimum sum assured of the Bandhan iTerm Plan is 25 lakhs.
Bandhan iTerm plan does not have an upper limit on the coverage. It depends on various factors such as your age, income, smoking habits, geographical location etc.
The policy does not offer a policy loan benefit.
No Bandhan Life iTerm Prime doesn't come with maturity benefits.
No, the policy does not offer any surrender benefit, you can avail the 'Smart Exit Value' with the policy.
See More Term Insurance Articles
See More Term Insurance Articles
4.6
Rated by 858 customers
Select Your Rating
Let us know about your experience or any feedback that might help us serve you better in future.
*T&C Apply
Do you have any thoughts you’d like to share?