Bandhan Term Insurance vs Go Digit Term Insurance

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  • Premiums starting @Rs 15/day
  • 30-day grace period
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Bandhan Term Insurance vs Go Digit Term Insurance

Bandhan Term Insurance

Bandhan Life also known as Aegon Life Insurance is one of the best term insurance provider that has served more than 5 million customer till date.

Go Digit Term Insurance

Go Digit Term Insurance aims to provide customer-centric, technology-driven insurance solutions.

COMPANY DETAILS Edit Bandhan Term Insurance

Bandhan Term Insurance

Edit Go Digit Term Insurance

Go Digit Term Insurance

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

430.91 Cr

Annual Premiums Collected (2023-24)

Rs 426.36 crore
Payout Options

Payout Options

Lump sum, monthly, or a combination of both

Payout Options

Lump-Sum Payment, Fixed Monthly Payout, Increasing Monthly Payout and Lump Sum + Monthly Income
Claim ratio

Payout Options

99.66%

Payout Options

99.53%%
Solvency Ratio

Solvency Ratio

2.5

Solvency Ratio

2.07
Pan India Presence

Pan India Presence

150

Pan India Presence

75
Riders Available

Riders Available

Accidental Death Benefit Rider, Critical Illness Rider

Riders Available

Disability Cover, Critical Illness Cover, Accidental Death Cover
Policy Term

Policy Term

5 to 70 years

Policy Term

1 to 40 years

Know More About Companies

Overview

Bandhan Life Term Insurance Plans: Overview

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 life 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. They offer digital life insurance solutions designed to cater to the unique needs of customers. You can also check Bandhan Life Term Insurance reviews to choose the right plan.

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

  • Maximum sum assured up to 1.5 crores

  • Special premium discounts for women and non-smokers

Riders

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 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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Bandhan Term Insurance

Explore India’s best-selling Term insurance plans below

Bandhan Life also known as Aegon Life Insurance is one of the best term insurance provider that has served more than 5 million customer till date.

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

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...

Unique Features

  • Flexible premium payment term
  • Affordable premiums
  • Tax benefits

Bandhan Life Saral Jeevan Bima (Pros)

Bandhan Life Saral Jeevan Bima
  • Flexible premium payment term
  • Affordable premiums
  • Tax benefits

Bandhan Life Saral Jeevan Bima (Cons)

Bandhan Life Saral Jeevan Bima
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Bandhan Life Saral Jeevan Bima (Other Benefits)

Bandhan Life Saral Jeevan Bima
  • Hassle-free buying process
  • Tax benefits
  • Riders availability for enhanced protection

Bandhan Life Saral Jeevan Bima (Eligibility Criteria)

Bandhan Life Saral Jeevan Bima
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 5 lakhs
  • Max maturity age - 85 years
  • PPT - RP/SP/LP

Go Digit Term Insurance

Explore India’s best-selling Term insurance plans below

Go Digit Term Insurance aims to provide customer-centric, technology-driven insurance solutions.

Digit Glow Term Insurance Plan by Go Digit-Life Insurance is a pure risk premium plan that provides life insurance coverage to you for the chosen poli...

Unique Features

  • Health Wellness Benefits
  • Flexible Premium Payment Tenure
  • Additional Rider Benefits

Digit Glow Term Insurance Plan (Pros)

Digit Glow Term Insurance Plan
  • Health Wellness Benefits
  • Flexible Premium Payment Tenure
  • Additional Rider Benefits

Digit Glow Term Insurance Plan (Cons)

Digit Glow Term Insurance Plan
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Digit Glow Term Insurance Plan (Other Benefits)

Digit Glow Term Insurance Plan
  • Death Benefits
  • Tax Benefits
  • Inbuilt Terminal Illness Cover

Digit Glow Term Insurance Plan (Eligibility Criteria)

Digit Glow Term Insurance Plan
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - Rs 2.25 lakhs
  • Max maturity age - 85 years
  • PPT - RP/SP/LP
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.