Bandhan Life iTerm Comfort Plan: An Overview

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 your unfortunate demise. With this plan, you can get protection throughout your earning years along with add-on riders for Accidental Death and 36 Critical Illnesses.

Even if you don't want to continue your policy, you can opt for the Special Exit Value (SEV) feature to get back all your premiums paid under the special exit value benefit. The plan allows the option of regular premium payment term which is equal to the policy term. You can pay the premiums either annually, half-yearly, or monthly.

Bandhan Saral Jeevan Bima: Eligibility criteria

Parameters	Minimum	Maximum
Entry Age	18 Years	65 years
Maturity Age	23 years	70 minus age at entry
Policy Term	5 years	70 minus age at entry
Premium Payment Term	Same as Policy Term
Sum Assured	Rs. 25 Lakhs	Rs. 1.25 crores
Premium Payment Mode	Monthly, Half-Yearly or Annually

Unique Features of Bandhan Life iTerm Comfort Plan

The plan offers guaranteed high-life cover with a lump sum payout.
It is a pure protection plan that provides high life cover with add-on riders for Accidental Death and 36 Critical Illnesses.
You get the option to attach or detach riders during the premium payment period of your iTerm Comfort plan.
You get the flexibility of choosing between video or physical medical examination.
The plan offers flexible premium payment terms, you can change your payment mode based on your budget (i.e., yearly, half-yearly, or monthly).

Benefits of Bandhan Life iTerm Comfort Policy

Death Benefit
Upon the unfortunate death of the policyholder throughout the policy term, the 100% death benefit payout shall be payable as a lump sum to the nominee.
Special Exit Value (SEV)
When you don't want to continue your policy you can exit anytime during the period of 1 year once you are 55 years old. The insurer will pay you:
Total premiums paid + extra premiums paid (if any) + loading for modal premiums (if any)
The following conditions will be applicable for Special Exit Benefit:
- The payout will be given at the policy anniversary.
- The special exit value is only applicable if your age at the time of policy purchase is up to 40 years.
- Please note that the SEV benefit is available only for base cover and not on rider premiums.
Tax Benefits
As per Section 80C & 10(10D) of the Income Tax Act, premiums paid and death benefit are eligible for tax benefits under the respective laws.
Add-on Optional Riders
Apart from financial protection against unfortunate death, Bandhan Life iTerm Comfort offers two optional add-on riders: Accidental Death Benefit Rider or Critical Illness Care Rider. The accidental death benefit rider offers rider sum assured at the demise due to accident and the CI rider offers lump sum payout and/or waiver of premium on the diagnosis of any of the 36 listed critical illnesses.

Premium Illustration of Bandhan Life iTerm Comfort Plan

Given below are the premium illustrations of the Bandhan Life iTerm Comfort Plan for a 30 years old, non-smoker male earning 10 lacs or above annually, looking for insurance coverage of 1 crore till 60 years.

Age	Policy term	Cover up to	Sum assured	Premium amount (Monthly)
30 years	30 years	60 years	1 crore	Rs 698

Exclusions of Bandhan Life iTerm Comfort Plan

Given below are some exclusions of the Bandhan Life iTerm Comfort Plan

Suicide within 12 months of the policy purchase is not covered.

Consumption of any intoxicants.

Death due to any aviation accident.

Death due to any adventurous sports.

Bandhan Life iTerm Comfort Plan at a Glance

What’s Good Here	What’s Missing Here
Life Stage Benefit	No Limited Pay and Single Pay
2 Riders	No Surrender Benefit
Pay premium through 3 modes	No Maturity Benefit
Option to choose medical exam mode	Only lump sum payout

Explore Other Bandhan Term Insurance Plans

Bandhan Life offers easy-to-purchase life insurance solutions to cater to your life insurance requirements.

Bandhan Life Saral Jeevan Bima

A standard pure protection plan with simple terms and conditions providing death benefit to the family of the policyholder.

Unique Features

Simple & easy to understand
Cost-effective plan
Flexibility to select policy term

Saral Jeevan Bima (Pros)

Bandhan Life AD Rider
Choose To pay Premium Once
Max Sum Assured 25 L

Saral Jeevan Bima (Cons)

No Maturity Benefit
No Surrender Benefit
No Survival Benefit

Saral Jeevan Bima (Other Benefits)

Spouse Cover
Suicide Cover After 12 Months
Policy Revival Within 5 Years

Saral Jeevan Bima (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - 5 L
Maximum Maturity Age - NA
Premium Payment Term - RP/SP/LP(5&10 Years)

Bandhan iTerm Comfort

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

Max Sum Assure 1.25 Cr
105% Death Benefit
Special Exist Value At Age Of 55

iTerm Comfort (Pros)

Bandhan Life CI Care Rider
Bandhan Life AD Rider
Suicide Cover After 12 Months

iTerm Comfort (Cons)

No Maturity Benefit
No Surrender Benefit
No Loan Allowed

iTerm Comfort (Other Benefits)

Tax Benefit
Option to Attach or Detach Riders
Policy Revival Within 5 Years

iTerm Comfort (Eligibility Criteria)

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

Bandhan iTerm Prime

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 Life AD Rider
Bandhan Life Disability Rider
Non-Smoker and Female Discounts

iTerm Prime (Pros)

Bandhan Life Women CI Rider
Bandhan Life CI Care Rider
Bandhan Life WoP Rider on CI

iTerm Prime (Cons)

No Maturity Benefit
No Loan Allowed
Policy Terminates Post Payment of Death

iTerm Prime (Other Benefits)

Surrender Benefit
Inbuilt Terminal Illness Benefit
Life Coverage Till the Age of 100 Years

iTerm Prime (Eligibility Criteria)

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 Plus Plan

This plan offers benefits for critical illness while offering a lump-sum payment in the event of demise, and comes with flexible premium payment.

Unique Features

4 Plan Options
50 Lakhs for Accidental Death
Non-smokers & Female Discounts

iTerm Plus Plan (Pros)

Terminal Illness
Suicide Cover After 12 Months
Permanent Disability Cover

iTerm Plus Plan (Cons)

No HIV Cover
No Surrender Benefit
No Maturity Benefit

iTerm Plus Plan (Other Benefits)

Waiver of Future Premiums
1 Cr Natural Death Cover
Coverage Option till the Age of 80 years

iTerm Plus Plan (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - 50 L
Maximum Maturity Age - 80 Yrs
Premium Payment Term - 50 Yrs

Bandhan Life iTerm Comfort Plan: FAQs

1. What is Bandhan Life's iTerm Comfort plan?

Bandhan Life iTerm Comfort policy is a pure protection plan that offers comprehensive life cover at affordable premiums.

2. What is the claim settlement ratio for Bandhan life insurance?

Bandhan Life Insurance has a good claim-settling process with a CSR of 99.66%. (CSR as per IRDAI report of the year 2023-24).

3. Can I exit my Bandhan Life iTerm Comfort plan?

Yes, you can exit the plan once you are 55 years old if you bought the plan at 40 years of age. You will get one year to exit the policy and get the paid premiums back.