Indiafirst vs Bandhan Term Insurance

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
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Indiafirst vs Bandhan Term Insurance

Indiafirst

IndiaFirst Insurance is one of the fastest growing insurance companies that offers simple and easy to understand insurance products at nominal premiums.

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.

COMPANY DETAILS Edit IndiaFirst Term Insurance Company Limited

Indiafirst

Edit Bandhan Term Insurance

Bandhan Term Insurance

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

Annual Premiums Collected (2023-24)

074.53 Cr

Annual Premiums Collected (2023-24)

430.91 Cr
Payout Options

Payout Options

Lump sum, monthly or a combination of both

Payout Options

Lump sum, monthly, or a combination of both
Claim ratio

Payout Options

97.04%%

Payout Options

99.66%
Solvency Ratio

Solvency Ratio

2

Solvency Ratio

2.5
Pan India Presence

Pan India Presence

500+

Pan India Presence

150
Riders Available

Riders Available

Term Rider 

Riders Available

Accidental Death Benefit Rider, Critical Illness Rider
Policy Term

Policy Term

5 to 40 years

Policy Term

5 to 70 years

Know More About Companies

Overview

IndiaFirst Term Insurance: Overview

IndiaFirst Term plans are designed to establish a strong financial net for your loved ones in case of the uncertain demise of the policyholder. IndiaFirst Term Insurance offers a wide variety of insurance plans, including term plans, as part of its product offering. These term plans offer a range of benefits for the policyholders.

IndiaFirst is one of the trusted and reputed insurers in the industry with a high claim-settlement ratio of 97.04% and a solvency ratio of 2. You can choose additional riders with the IndiaFirst Term Plans.

What are some of the
Benefits
that set them apart?

  • Choice of policy tenure,

  • Choice of premium payment options,

  • Enhanced rider options to choose from,

  • Affordable premiums,

  • Choice of sum assured,

  • A variety of plan options, etc.

Riders

Riders You Can Avail With IndiaFirst Term Insurance Plans

Name of the rider Benefits
IndiaFirst Term Rider  This rider enhances your life cover with extra coverage at affordable prices. In case of the policyholder’s demise during the policy tenure, additional benefits are paid to their nominee.

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IndiaFirst Term Insurance

Explore India’s best-selling Term insurance plans below

IndiaFirst Insurance is one of the fastest growing insurance companies that offers simple and easy to understand insurance products at nominal premiums.

IndiaFirst Life Guaranteed Protection Plus Plan is a unique term life insurance plan that meets every requirement. India First Life Guaranteed Protect...

Unique Features

  • Multiple Plan Options
  • Cover for Critical Illness
  • Waiver of Premiums

IndiaFirst Guaranteed Protection Plan (Pros)

IndiaFirst Guaranteed Protection Plan
  • 1 Crore Cover
  • 3 Plan Options
  • WoP Premium for 40 Critical Illnesses

IndiaFirst Guaranteed Protection Plan (Cons)

IndiaFirst Guaranteed Protection Plan
  • 1 Year WP For Suicide
  • No Rider Benefit
  • No Pre-Existing Conditions

IndiaFirst Guaranteed Protection Plan (Other Benefits)

IndiaFirst Guaranteed Protection Plan
  • Whole Life Cover (Till Age 99)
  • WOP Option For Disability
  • Adjust SA With Life Stage

IndiaFirst Guaranteed Protection Plan (Eligibility Criteria)

IndiaFirst Guaranteed Protection Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50L
  • Maximum Maturity Age - 99 yrs
  • Premium Payment Term - 5 To 35 Years

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
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.