Pramerica Term vs Bandhan Term Insurance

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

Pramerica Term

Pramerica Life Insurance offers wide range of solutions to individuals as well as groups. They have PAN India presence with 137 branches.

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 Pramerica Life Term Insurance

Pramerica Term

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)

1495.39 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

98.8%

Payout Options

99.66%
Solvency Ratio

Solvency Ratio

4.1

Solvency Ratio

2.5
Pan India Presence

Pan India Presence

131

Pan India Presence

150
Riders Available

Riders Available

Accidental Death Benefit Rider, Accidental and Total Permanent Disability Rider, Critical Illness Rider, Waiver of Premium Rider

Riders Available

Accidental Death Benefit Rider, Critical Illness Rider
Policy Term

Policy Term

10 to 30 years

Policy Term

5 to 70 years

Know More About Companies

Overview

Pramerica Term Insurance: Overview

Pramerica Life, established in year 2008 offers a vast range of insurance products to their customers. One such product is Pramerica Term Insurance. It offers high coverage at an affordable premium by ensuring that your family is financially protected by offering a lump sum payout in the event of death during the policy term.

What are some of the
Benefits
that set them apart?

  • Attractive premiums

  • Flexible premium payment option

  • Critical illness cover

  • Accidental death benefit

  • Premium waiver option

  • Long-term protection

  • Tax benefits

  • Additional rider to enhance protection

Riders

Riders You Can Avail With Pramerica term insurance Plans

Name of the Riders Benefits
Pramerica Life Accidental Death Benefit Rider Under this rider, if the policyholder dies after 180 days of the occurrence of the accident, an additional benefit equal to the rider sum assured will be payable to the nominee with immediate effect.
Pramerica Term Accidental and Total Permanent Disability Rider Under this rider, upon the policyholder’s disability due to an accident, a rider sum assured will be paid for the treatment and managing monthly expenses.
Pramerica Term Critical Illness Rider Under this Rider, if the policyholder is diagnosed with any of the listed 36 critical illnesses, a rider sum assured will be paid to the nominee.
Pramerica Term Waiver of Premium Rider IUnder Pramerica’s Life waiver of premium rider, if the policyholder is diagnosed with any of the listed 40 critical illnesses or is fully disabled due to an accident then all the future premiums of the ongoing term plan will waived off with immediate effect.

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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
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.